A Roadmap for payment processors on the key provisions and regulatory rulemakings of Title VIII is attached here. An executive summary of Title VIII can be found here.
News and Legal Alerts
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. A discussion of these institutions may be found here, 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
Contacts
| Elisabeth A. Langworthy |
202.383.0198 |
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| Robert J. Pile |
404.853.8487 |
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| Peter C. Quittmeyer |
404.853.8186 |
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| Marc A. Rawls |
404.853.8058 |
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| David A. Zimmerman |
404.853.8507 |
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Roadmaps
As various Title sections are updated, an asterisk(*) next to a Title will note changes in certain Key Provisions and Regulations in the Roadmap. Within each Roadmap Title, the section most recently updated is highlighted in yellow.
Title VIII - Key Provisions and Regulatory Rulemakings
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