U.S. District Court Judge Richard Leon will hear retailers, the U.S. government and debit card issuers argue Tuesday over whether the Federal Reserve's regulations capping debit card interchange did not go far enough (the retailer position) or that it went too far (the issuer position).
Leon sits on the U.S. District Court for the District of Columbia.
Retail associations have taken the Federal Reserve to court to force the regulator to lower the rate of debit interchange even further, which is what the associations argued the Durbin amendment requires.
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