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FRS RIN: 7100-AD63 Publication ID: Fall 2011 
Title: Regulation II--Debit Card Interchange Fees and Routing (Docket No. R-1404) 
Abstract: The Federal Reserve Board (the Board) published the final rule for new Regulation II, Debit Card Interchange Fees and Routing. The 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. The Board also adopted an interim final rule and requested comment on provisions in Regulation II that govern adjustments to debit interchange transaction fees for fraud-prevention costs. The provisions allow an issuer to receive and adjustment of 1 cent to its interchange transaction fee if the issuer develops, implements, and updates policies and procedures that are reasonably designed to identify and prevent fraudulent electronic debit transactions, and secure debit card and cardholder data. Comments on the interim final rule must be submitted by September 30, 2011. 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 235   
Legal Authority: 15 USC 1693O   
Legal Deadline:
Action Source Description Date
Final  Statutory  Final rules on network exclusivity and routing  07/12/2011 
Final  Statutory  Final rules on interchange fee standards  04/21/2011 
Timetable:
Action Date FR Cite
Board Requested Comment  12/16/2010  75 FR 81722   
Board Adopted Final Rule  06/29/2011  76 FR 43394   
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: Yes 
Agency Contact:
Dena Milligan
Senior Attorney
Federal Reserve System
Legal Division,
Phone:202 452-3900