Supreme Court Turns Down Bid to Revive Consumer ‘Swipe Fee’ Case

The U.S. Supreme Court declined Monday to revive consumer antitrust litigation over the alleged role played by JPMorgan Chase & Co., HSBC Holdings Plc, and other top banks in a long-running scheme to inflate Visa and Mastercard “swipe fees.”

The justices said they won’t review a decision by the U.S. Court of Appeals for the Second Circuit, which held that the consumers are downstream “indirect” purchasers ineligible for federal antitrust damages despite two recent rulings modifying the legal framework for antitrust cases involving credit cards.

The appeals court held in June that the consumers had “overstated the scope” ...