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FRS | RIN: 7100-AG15 | Publication ID: Fall 2021 |
Title: ●Regulation II--Debit Card Interchange Fees and Routing (Docket No: R-1748) | |
Abstract:
On May 13, 2021, the Board of Governors of the Federal Reserve System (Board) sought comment on a proposal to amend Regulation II to clarify the requirement that each debit card transaction must be able to be processed on at least two unaffiliated payment card networks applies to card-not-present transactions, clarify the requirements that Regulation II imposes on debit card issuers to ensure that at least two unaffiliated payment card networks have been enabled for debit card transactions, and standardize and clarify the use of certain terminology. On June 30, 2021, the Board extended the comment period until August 11, 2021. |
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Agency: Federal Reserve System(FRS) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 235 | |
Legal Authority: 12 U.S.C. 1693o-2 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Jess Cheng Senior Counsel Federal Reserve System Legal Division, Washington, DC 20551 Phone:202 452-2309 |