Regulation II Expanded to Require Two Unaffiliated Networks on Card Not Present Transactions
CFPB Monitor
OCTOBER 5, 2022
On October 3, 2022, the Federal Reserve finalized a rule expanding Regulation II (Debit Card Interchange Fees and Routing), the implementing regulation for the Durbin Amendment. See the banking industry group February 1, 2022 letter to the Federal Reserve on behalf of the community banks.
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