TCF NAT. BANK v. BERNANKE

No. 11-1805.

643 F.3d 1158 (2011)

TCF NATIONAL BANK, Plaintiff-Appellant, v. Ben S. BERNANKE; Janet L. Yellen; Kevin M. Warsh; Elizabeth A. Duke; Daniel K. Tarullo; Sarah Bloom Raskin, the Board of Governors of the Federal Reserve System, in their official capacities; John Walsh, Comptroller of the Currency, in his official capacity, Defendants-Appellees. American Bankers Association; Consumer Bankers Association; Credit Union National Association; Financial Services Roundtable; Independent Community Bankers of America; Mid-Size Bank Coalition of America; State Bankers Associations; National Association of Federal Credit Unions; Economists and law and economics scholars; The Clearing House Association L.L.C., Amici on behalf of Appellant, Merchants Payment Coalition; Retail Litigation Center; MDL-1720 Class Plaintiffs, Amici on Behalf of Appellee.

United States Court of Appeals, Eighth Circuit.

Filed: June 29, 2011.


Attorney(s) appearing for the Case

Timothy D. Kelly , argued, Minneapolis, MN, Mark V. Meierhenry , William E. Blewett , Sioux Falls , SD, Sarah Elisabeth Bushnell , Minneapolis, MN, Benjamin R. Civiletti , William D. Coston , and Martin L. Saad , Washington, DC, on the brief, for appellant.

Lindsey Powell , argued, Mark B. Stern , on the brief, Washington, DC, for appellee.

Seth P. Waxman , Steven P. Lehotsky , Wilmer Cutler Pickering , Gregory F. Taylor , Eric L. Richard , Karen M. Thomson , Rich Whiting , Washington, DC, Christopher R. Lipsett , Noah A. Levine , Pamela K. Bookman , Paul Saltzman , Rob Hunter , H. Rodgin Cohen , Matthew A. Schwartz , New York, NY, Roger W. Damgaard , James A. Power , Sioux Falls, SD, Carrie R. Hunt , Steven I. Zeisel , Arlington, VA, and Mike Cahill , Los Angeles, CA, on the brief, for amici curiae Clearing House Association, L.L.C., American Bankers Association, Consumer Bankers Association, Credit Union National Association, The Financial Services Roundtable, Independent Community Bankers of America, Mid-Size Bank Coalition of America, and National Association of Federal Credit Unions.

Ronald A. Parsons, Jr. , Sioux Falls, SD, and Todd J. Zywicki , Arlington, VA, on the brief, for amicus curiae Economists and Law and Economics Scholars.

Joseph J. Witt , Eden Prairie, MN, on the brief, for amicus curiae State Bankers Associations.

W. Stephen Cannon , Todd Anderson , Richard O. Levine , Washington, DC, Thomas K. Wilka , Sioux Falls, SD, Jeffrey I. Shinder, A. Owen Glist , New York, NY, on the brief, for amicus curiae The Retail Litigation Center, Inc.

Douglas Kantor , Shannon W. Coffin , Washington, DC, on the brief, for amicus curiae Merchants Payments Coalition.

K. Craig Wildfang , Thomas J. Undin , Minneapolis, MN, on the brief, for amicus curiae MDL-1720 Class Plaintiffs.

Before MURPHY, MELLOY, and SMITH, Circuit Judges.


MELLOY, Circuit Judge.

TCF National Bank sued to enjoin a portion of the Dodd-Frank Wall Street Reform Act of 2010 that will limit the rate some financial institutions may charge for processing debit-card transactions. At the outset of the proceedings, TCF moved for a preliminary injunction, and the district court1 denied the motion. We affirm.

I.

On July 21, 2010, Congress passed the Dodd-Frank Wall Street Reform and...

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