Debit Card Fee Rule a New Challenge for Justices on Agency Power

The US Supreme Court will consider a disagreement over the deadline for businesses and individuals to challenge administrative rules and actions, adding to its agency-focused docket.

The case the justices agreed to take up Friday centers on the timing of a lawsuit over a 2011 rule regulating debit-card transaction fees. Retailers have been fighting the Federal Reserve regulation for years, claiming the fees charged by banks are unfair.

The US Court of Appeals for the District of Columbia Circuit rejected an industry challenge to the rule shortly after it was adopted. The Supreme Court agreed to review that ruling.

The ...