It might be unusual, but all sides in the Federal Reserve's debit interchange regulation battle have urged the court to leave the now-overturned regulation in place pending appeal.
U.S. District Court Judge Richard Leon dispatched two-thirds of the Federal Reserve's current debit interchange regulation on July 31, agreeing with the opinion of the case's merchant plaintiffs that the Fed had failed to follow the law in developing the regulation.
But Leon refrained from executing his decision until he heard from all parties to the case about what they believed the best course of action would be.
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