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The U.S. Court of Appeals for the Eighth Circuit on October 26, 2026, affirmed a ruling that struck down the Federal Reserve's 21-cent cap on debit card interchange fees, finding the Fed improperly let banks count costs not tied to individual transactions, such as fraud prevention. The Fed must now write a fee structure that reflects the incremental-cost standard Congress set in the 2010 Dodd-Frank Act.
The Justice Department filed a judicial misconduct complaint with Eighth Circuit Chief Judge Steven Colloton against Minnesota federal judges who spoke to the New York Times about immigration enforcement cases. Signed by Acting Deputy Attorney General Trent McCotter and Associate Attorney General Stanley Woodward, it accuses Senior Judges Patrick Schiltz and John Tunheim and anonymous colleagues of violating the judicial code of conduct and asks that they be required to recuse from Homeland Security cases.