"\n\t\t\t\t\nCertain that bureaucrats know best, the modern administrative state has long labored to snuff out challenges to its actions.<\/p>\n\n\n\nSo, when Corner Post\u2014a convenience store and truck stop in North Dakota\u2014challenged a federal rule governing fees for debit-card transactions shortly after it opened for business, but years after the regulation had taken effect, the government argued that Corner Post had somehow shown up in court too late.<\/p>\n\n\n\nThankfully, the Supreme Court on Monday in Corner Post Inc. v. Board of Governors of the Federal Reserve System had a different view of the matter.<\/p>\n\n\n\nEvery time someone swipes a debit card, the business involved must pay a fee to the bank to move money from the person\u2019s account to the business\u2019s. When debit card companies began to compete for banks\u2019 business by raising these fees, Congress intervened with a law directing the Federal...<\/p><\/div>\r\nRead more...<\/a>"