Details

  • Service: Advisory, Risk Consulting, Financial Risk Management
  • Industry: Banking & Capital Markets
  • Type: Publication series
  • Date: 8/2/2012

July 30, 2012 Washington Report 

Fed Final Rule Permits Fraud Prevention Cost Allowance under the Debit Card Interchange Fees and Routing Rules

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The Federal Reserve Board (“Fed’) announced on July 27, 2012 that it has amended the provisions in Regulation II, Debit Card Interchange Fees and Routing, that govern adjustments to debit card interchange transaction fees to make an allowance for fraud-prevention costs incurred by issuers.