TCH and BPI jointly filed a motion to intervene in a federal lawsuit brought by Corner Post, a North Dakota truck stop that is challenging the Federal Reserve Board’s 2011 final rule establishing a debit card interchange fee cap.  Corner Post argues that the Board’s rule permits lenders and payment networks to charge higher debit card interchange fees than the Durbin Amendment permits.  The associations are seeking to join the case to defend the interests of their members, arguing that the Board, as a government agency, does not adequately represent the interests of debit card issuers.

A copy of the motion to intervene may be found here.