WASHINGTON — A federal appeals court has handed a defeat to a coalition of retail groups that challenged as too high the Federal Reserve's cap on how much banks can charge businesses for handling ...

(Reuters) -A U.S. judge has vacated the Federal Reserve’s “swipe fees” regulation that capped the amount banks charge merchants for processing debit transactions, in a ruling favoring retailers that ...

{mosads}Retailers dismissed the appeal decision, saying it amounted to “giving in to the banks.” “The Fed has taken a position that will drag this out while retailers and their customers continue to ...