Details

  • Service: Advisory, Risk Consulting, Financial Risk Management
  • Industry: Banking & Capital Markets
  • Type: Publication series
  • Date: 7/18/2011

Regulatory Practice Letter #11-16 

Federal Reserve Board Regulation II: Debit Card Interchange Fee and Routing – Final Rule
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The Federal Reserve Board (“Fed”) has approved a final rule that creates new Regulation II, Debit Card Interchange Fees and Routing, and the Official Board Commentary to Regulation II, to implement Section 920 of the Electronic Funds Transfer Act (“EFTA”) as amended by Section 1075 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which sets out standards related to debit card transactions.