NACS v. Board of Governors of the Federal Reserve System Oral Argument

A three-judge panel of the District of Columbia Circuit Court of Appeals heard oral argument in NACS v. Board of Governors of the Federal… read more

A three-judge panel of the District of Columbia Circuit Court of Appeals heard oral argument in NACS v. Board of Governors of the Federal Reserve System, which concerns caps on the debit card swipe fees charged to retailers. Under the Dodd-Frank Act, the Federal Reserve can place a cap on debit card swipe fees that is “reasonable” and “proportional” to the banks' actual transaction costs. These fees, set at 44 cents by Visa, MasterCard, and other cards networks prior to the law, was reduced to 21 cents by the Federal Reserve in 2011. A group of retailers argued the fees were still too high and won in the lower district court. That decision was being reviewed by this court. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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NACS v. Board of Governors of the Federal Reserve System Oral Argument

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Program ID:
317272-1
Category:
Public Affairs Event
Format:
Judicial Proceeding
Location:
Washington, District of Columbia, United States
First Aired:
Jan 22, 2014
Last Aired:
Jan 27, 2014

Airing Details

  • Jan 22, 2014 | 6:06pm EST | C-SPAN 2
  • Jan 23, 2014 | 10:37pm EST | C-SPAN 3
  • Jan 24, 2014 | 4:19am EST | C-SPAN 3
  • Jan 27, 2014 | 5:03am EST | C-SPAN 1
  • Jan 27, 2014 | 8:04pm EST | C-SPAN 3
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