The U.S. Supreme Court dealt a fresh blow to the authority of federal agencies, ruling in a case over debit-card swipe fees that some regulations can be challenged a decade or more after they were enacted.
Voting 6-3 along ideological lines, the justices said a North Dakota convenience store and truck stop can sue over a 2011 rule governing the charges that banks impose on merchants. The majority said a six-year statute of limitations doesn’t bar the suit because the business didn’t open until 2018.
The decision’s implications are significant, especially for longstanding regulations that could now be subject to legal challenges long after their implementation. The ruling could have ramifications across the U.S. government, potentially enabling more businesses to challenge older regulations that impact their operations.
For further details, you can refer to the original coverage here.