Corner Post, Inc. v. Board of Governors of the Federal Reserve System

On February 20, 2024, the U.S. Supreme Court heard oral argument in Corner Post, Inc. v. Board of Governors of the Federal Reserve System. The case asked whether a plaintiff’s Administrative Procedure Act (APA) claim “first accrues” under 28 U.S.C. § 2401(a)-the six-year default federal statute of limitations-when an agency issues a rule or when the rule first causes a plaintiff to “suffer legal wrong” or “be adversely affected or aggrieved,” 5 U.S.C. § 702.
Petitioner Corner Post is a North Dakota convenience store and truck stop that seeks to challenge a 2011 Federal Reserve rule governing certain fees for debit card transactions. Corner Post didn’t open its doors until 2018 but the lower courts in this case held that its challenge is time barred because the statute of limitations ran in 2017-before Corner Post accepted its first debit card payment.
Please join us as we discussed the case and how oral argument went before the Court.
Featuring:
Michael Buschbacher, Partner, Boyden Gray PLLC
John Kendrick, Associate, Covington
Susan C. Morse, Angus G. Wynne, Sr. Professor in Civil Jurisprudence and Associate Dean for Academic Affairs, The University of Texas at Austin School of Law
Molly Nixon, Attorney, Separation of Powers, Pacific Legal Foundation
Moderator: John F. Duffy, Samuel H. McCoy II Professor of Law, University of Virginia School of Law
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As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.