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The ongoing fight over federal debit interchange regulations entered its newest round Oct. 21 as the Federal Reserve filed its appeal that seeks to reverse a July 31 ruling overturning its current rule.

In a strongly worded and often mocking decision, U.S. District Court Judge Richard Leon agreed with retail associations which sued the Fed, saying that the debit interchange cap was too high. Leon also agreed with retailers’ argument that federal law required debit issuers to provide two possible payment networks for both debit transactions authorized with a PIN and debit transactions authorized by a signature, effectively doubling the number of payment networks on each debit card.

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