SCOTUS extends timeline for regulated entities seeking to overturn regulations

Supreme Court

The Supreme Court of the United States (SCOTUS) extended the statute of limitations for businesses attempting to challenge some federal regulations, allowing regulated entities a longer timeline to appeal a decision. 

In a 6-3 decision, issued Monday, SCOTUS opened the door to legal challenges to regulations long after those regulations take effect.

The case, Corner Post v. the Federal Reserve Board, centered on a challenge by a North Dakota truck stop that sued over a Fed regulation related to fees that merchants must pay banks for handling debit card transactions. The fee took effect in 2011; Corner Post did not open until 2018.

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