Supreme Court Will Hear Store’s Lawsuit Over Allegedly Illegal Debit Card Swipe Fees

The North Dakota shop will try to convince the justices to waive a statute of limitations that expired so its lawsuit may proceed.

Visa and MasterCard credit card logos on a sign in Washington on March 30, 2012. Nicholas Kamm/AFP/Getty Images

The Supreme Court agreed to hear a case in which a store is asking the court to ignore a time limitation so it can challenge a Federal Reserve policy on debit card “swipe fees” that it argues is illegal.

The appeal comes amid merchant anxiety over high transaction processing fees and after the proposed Credit Card Competition Act was recently introduced in Congress.