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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.

 
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
Timetable:
Action Date FR Cite
Board Requested Comment  05/13/2021  86 FR 26189   
Board Extended Comment Period  06/30/2021  86 FR 34644   
Board Expects Further Action  01/00/2022 
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