An irate judge threw the Federal Reserve another curve ball during an Aug. 14 hearing when he gave the regulator until Aug. 21 to persuade the court why its 21-cent interchange debit cap should not end.
Judge Richard Leon also chastised the Fed during the hearing for not being ready to discuss when it could put a new rule in place.
Leon presides over U.S District Court for the District of Columbia, where the hearing took place.
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