Title VIII Roadmap for payment processors on the key provisions and regulatory rulemakings and the executive summary of Title VII.
News and Legal Alerts
High Court Provides Closure on Durbin Rules – What Now?
January 29, 2015 Reprinted with permission Law360
Legal Alert: CFPB Warns Credit Card Companies About Potential UDAAP Violations When Marketing Promotional Interest Rates
September 8, 2014
Regulation II implements the Durbin Amendment, which limits fees paid by merchants for debit interchange and provides that merchants may route transactions through two or more debit networks. The Final Rules for Regulation II went into effect on October 1, 2011.
Frequently Asked Questions - Regulation II: The Federal Reserve has addressed certain questions regarding prepaid cards and the provisions prohibiting circumvention and evasion of the interchange fee caps.
Small issuers with assets of less than $10 billion are exempt from the debit interchange fee caps set for in Reg. II.
August 29, 2011
Press Release from the Federal Reserve Regarding the Final Rules,
June 29, 2011
Legal Alert: Federal Reserve Releases Proposed Regulations Implementing Durbin Amendment
December 16, 2010
Legal Alert: Lawsuit Challenges Constitutionality of Debit Card Interchange Provisions of Dodd-Frank Act
October 13, 2010
Legal Alert: Defining "Financial Institution" Under Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act
October 6, 2010
Legal Alert: Interchange Fee Regulation Included in Wall Street Reform Bill Passed by Senate
May 21, 2010
Legal Alert: Senate Wall Street Reform Bill Includes Proposed Regulation of Credit and Debit Card Interchange Fees
May 12, 2010
Legal Alert: Federal Reserve Publishes Rules Implementing Provisions of the CARD Act Relating to Gift Cards, Gift Certificates and Prepaid Cards
May 7, 2010