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FMI Applauds Eighth Circuit Decision Vacating Debit Card Swipe Fee Cap
Today [October 26, 2026], FMI – The Food Industry Association President and CEO Leslie G. Sarasin issued the following statement in response to the U.S. Court of Appeals for the Eighth Circuit's decision in Corner Post, Inc. v. Board of Governors of the Federal Reserve System, which upheld a lower court ruling vacating the 21-cent cap on debit card swipe fees. FMI previously filed an amicus brief in the Eighth Circuit advocating for this outcome.
"Today's decision is an important victory for grocery customers and food retailers in our long fight against unreasonably high debit card swipe fees. The debit swipe fee cap that the...