The U.S. Supreme Court is set to make a key decision surrounding the Administrative Procedures Act’s (APA) statute of limitations in a recent case, Corner Post, Inc. v. Board of Governors of the Federal Reserve System. The board is facing critique from Corner Post for a rule issued in 2011, which concerns certain fees for debit card transactions.
The matter in contention is the commencement of the APA statute of limitations. The question being posed is whether the APA claim, from the viewpoint of statute of limitations, starts when a rule is delivered by an agency, or when the rule initially puts a plaintiff in an “adverse” position.
The decision by the Supreme Court will have far-reaching implications, impacting the extent of time plaintiffs have to lodge a case against rulings they consider detrimental.
For more information on the case and the potential impact of the outcome, you can read full details here.