No Free Lunch at Linney’s Pizza

Ben Sperry June 8, 2026

Truth on the Market View Original Source

• 
  Back
  to Top

Apizza shop wants lower debit-card fees. Fair enough. But if it wins, the tab may not land where diners expect. It could reshape administrative law, narrow the Federal Reserve’s discretion, and make ordinary checking accounts more expensive.

That is what is at stake in Linney’s Pizza, LLC v. Board of Governors of the Federal Reserve System, now before the 6th U.S. Circuit Court of Appeals.

In an amicus brief, the International Center for Law & Economics (ICLE) argues that forcing the Federal Reserve to push debit-card interchange fees below what the Durbin Amendment’s text requires would ultimately backfire on everyday consumers.

Read the full piece here.