The Federal Reserve will have another opportunity on Wednesday to declare how it will replace parts of its rule on debit interchange that a federal judge invalidated three weeks ago.

U.S. District Court Judge Richard Leon threw out both the cap on debit interchange for debit card issuers of more than $10 billion in assets and the network competition provisions in the rule, declaring in his July 31 decision that the regulator had not sufficiently followed the law when it wrote the first rule.

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