United States: Fed Issues Proposed Rule Lowering Regulation II's Debit Interchange Cap - Greenberg Traurig, LLP

United States: Fed Issues Proposed Rule Lowering Regulation II's Debit Interchange Cap - Greenberg Traurig, LLP

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On Oct. 25, 2023, the Board of Governors of the Federal Reserve System (the Fed) voted 6-1 to release a proposed rule to lower the cap on debit card interchange fees in Regulation II.

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