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Debit Card Interchange Fees and Routing

Fed · final-rule · Published 2011-07-20 · Effective 2011-10-01 · 76 FR 43394

Document

Document number
2011-16861
Federal Register citation
76 FR 43394
CFR reference
12 CFR 235
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2011-07-20
Effective date
2011-10-01
Docket
Regulation II

Abstract

The Board is publishing a final rule, Regulation II, Debit Card Interchange Fees and Routing. This rule implements the provisions of Section 920 of the Electronic Fund Transfer Act, including standards for reasonable and proportional interchange transaction fees for electronic debit transactions, exemptions from the interchange transaction fee limitations, prohibitions on evasion and circumvention, prohibitions on payment card network exclusivity arrangements and routing restrictions for debit card transactions, and reporting requirements for debit card issuers and payment card networks. An interim final rule, with a request for comment, on standards for receiving a fraud-prevention adjustment to interchange transaction fees is published separately in the Federal Register.

Source

Authoritative
Federal Register document
Machine
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