Now that U.S. District Judge Richard Leon has invalidated almostall of the Federal Reserve's debit regulations, what might be thenext steps?
First, lawyers representing the Federal Reserve and the retailassociations which brought the case will have to appear before Leonin his Washington, D.C., courtroom to discuss how long the judgemight stay this week's ruling overturning the current debitregulations and under what conditions the Federal Reserve mightproceed to draw up another rule.
Related:
- Judge Throws Out Fed's Debit Cap
- CUNA, NAFCU Assail Ruling
- Ruling Could Force CUs to AddProcessors
- Financial Researchers Rate Chances of Appeal
- Judge Gives Fed One More Week
While Leon threw out the existing regulations on Wednesday, hedid not do so immediately, choosing to stay his order pending theFederal Reserve writing another rule.
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