Cite as: 516 U. S. 264 (1996)
Syllabus
lel—most prominently, subsection (f) vests the Board with authority to establish the governing liability standards—they serve the same key purpose: Both permit recovery of damages caused by a regulated party's failure to comply with the Act. Section 4010's drafting history suggests that interbank liability rules were to be developed administratively because Congress recognized that interbank disputes arising out of the check payment system may be more complex than those involving banks and depositors, not because Congress intended to create remedies that would be adjudicated in different forums. It is implausible that Congress directed the Board to handle such disputes administratively, for § 4010 does not explicitly confer adjudicatory authority on the Board, nor set forth the relevant procedures for resolution of private disputes. See, e. g., American Airlines, Inc. v. Wolens, 513 U. S. 219; Coit Independence Joint Venture v. FSLIC, 489 U. S. 561, 574. The interpretation of § 4010 offered by Bank One and the United States is sensible because it allows all check-related claims arising out of the same transaction to be brought in a single federal or state court. The Seventh Circuit's reading, in contrast, would yield an incoherent jurisdictional scheme, whereby bank-depositor claims would be adjudicated in one such court, interbank claims under the Act would originate before the Board, and interbank claims under state law would presumably have to be raised in a separate state-court proceeding. Pp. 270-276.
30 F. 3d 64, reversed and remanded.
Ginsburg, J., delivered the opinion of the Court, in which Rehnquist, C. J., and Stevens, O'Connor, Kennedy, Souter, Thomas, and Breyer, JJ., joined, and in which Scalia, J., joined in part. Stevens, J., filed a concurring opinion, in which Breyer, J., joined, post, p. 276. Scalia, J., filed an opinion concurring in part and concurring in the judgment, post, p. 279.
Robert A. Long, Jr., argued the cause for petitioner. With him on the briefs were Mark A. Weiss and Jeffrey S. Blumenthal.
Jeffrey P. Minear argued the cause for the United States as amicus curiae urging reversal. With him on the brief were Solicitor General Days, Assistant Attorney General Hunger, Deputy Solicitor General Bender, Mark B. Stern, and Douglas B. Jordan.
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