- Term
- 2023-2024
Corner Post v. Board of Governors of the Federal Reserve System
In yet another case that could sabotage nationwide regulatory protections, Corner Post v. Federal Reserve is ostensibly about the maximum fees financial corporations can charge stores for debit card transactions. But the case is designed to open the floodgates to legal challenges that could strip Americans of protections that keep significant forms of corporate malfeasance at bay. Here, corporate interests are arguing that the six years they have to challenge an action by the federal government should begin not when the action was finalized, but rather from the moment an individual party claims injury. Functionally, corporations are arguing that the statute of limitations to challenge federal rules should be eliminated altogether. If the Supreme Court hands a victory to corporations in this case, they will be opening the floodgates to an onslaught of legal challenges to federal rules that have been on the books for decades.
