Merchants ready Supreme Court 'swipe fee' challenge

Retailers are getting ready to take the fight over debit card fees all the way to the Supreme Court.

Banks and retailers have been feuding over “swipe fees” in Congress and the courts ever since it was included in the Dodd-Frank financial reform law. Banks pushed extremely hard to delay the so-called “Durbin Amendment,” named after its primary backer, Sen. Dick Durbin (D-Ill.), but came up short in one of the fiercest lobbying battles of 2011.