The U.S. Supreme Court, siding with Citicorp in a closely watched case, ruled Monday that states may not regulate the fees charged by out-of-state credit card banks.

The ruling is crucial for large, nationwide credit card issuers. Many of these companies have based their strategies on the ability to export fees into other states.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.