The Federal Reserve Board has issued an updated set of frequently asked questions regarding Regulation II, which addresses debit card interchange fees and routing. The updated FAQs can be distinguished from the older FAQs by the dates following the answers. The rules regarding interchange fees result from the so called Durbin Amendment to the Dodd-Frank Act.
Check dodd-frank.com frequently for updates on the Dodd-Frank Act and other important securities law matters.
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