- Term
- 2023-2024
Corner Post v. Board of Governors of the Federal Reserve System
In yet another case that took aim at regulatory protections, Corner Post v. Federal Reserve was ostensibly about the maximum fees financial corporations can charge stores for debit card transactions. But the case was 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 argued that the six years they have to challenge an action by the federal government should begin not when the action is finalized, but rather from the moment an individual party claims injury. Functionally, corporations argued that the statute of limitations to challenge federal rules should be eliminated altogether.
On July 1, 2024, in a 6-3 decision along partisan lines, the Supreme Court’s right-wing majority agreed with corporate interests and effectively eliminated the statute of limitations on challenging administrative agency’s rules and regulations.
