Supreme Court Allows Swipe-Fee Lawsuit in Blow to Regulators (1)

The US Supreme Court dealt a fresh blow to the authority of federal agencies, ruling in a case over debit-card swipe fees that some regulations can be challenged a decade or more after they were enacted.

Voting 6-3 along ideological lines, the justices said a North Dakota convenience store and truck stop can sue over a 2011 rule governing the charges that banks impose on merchants. The majority said a six-year statute of limitations doesn’t bar the suit because the business didn’t open until 2018.

The ruling could have ramifications across the US government, making a raft of longstanding rules ...