Regulation of Debit Interchange Fees
Description:
This report discusses section 735 of the Financial Choice Act (H.R. 10) which would repeal the Durbin Amendment. The Durbin Amendment capped the amount of interchange fees paid by merchants to banks when a customer uses a debit card to pay. The report begins with a description of the debit payments process and network pricing for the four-party system and the three-party system. It summarizes the requirements of Regulation II, which implements the Durbin Amendment. The report concludes with a …
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Date:
May 16, 2017
Creator:
Getter, Darryl E.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department