Judge: Fed 'Inappropriately' Inflated Debit Card Fees

U.S. District Judge Richard Leon on Wednesday struck down federal regulations on debit-card transaction fees, finding that the Federal Reserve adopted rules that "inappropriately" inflated fees by billions of dollars, the National Law Journal reports. The ruling won't change transaction fees just yet, though. Judge Leon ordered the Federal Reserve to vacate the rules, but simultaneously said he would stay that order to give the agency time to replace the problematic sections.