Durbin Amendment: Court Decision on Merchant Lawsuit Delayed

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Durbin Amendment: Court Decision on Merchant Lawsuit Delayed

Analysts at Sterne Agee noted that the Supreme Court has not made any decision yet regarding the merchant lawsuit that challenges the Durbin Amendment.

In a recent note to investors, Sterne Agee analyst Thomas McCrohan and Leonard De Prospo said the Supreme Court listened to oral arguments regarding several petitions related to the case on a private meeting last Friday.

According to McCrohan and DeProspo, people following the case expected the Supreme Court to decide whether it will hear the case, but it appeared that a decision has been delayed. The Supreme Court was added to the court’s agenda this Friday, January 16.

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