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Final Rules Published to Implement Dodd-Frank Requirements for Debit Card Interchange Fees and Routing

by Edmund D. Harllee On July 20, 2011, the Board of Governors of the Federal Reserve System (the "Board") issued a final rule implementing its new Regulation II (12 CFR Part 235) with respect to debit card pricing and other requirements for debit card transactions and systems, as required...

Debit Card Fees Rule ‘Clearly Disregarded’ Congress’ Intent, Judge Finds

WASHINGTON, D.C. — (Mealey’s) A federal judge in the District of Columbia on July 31 ordered that a rule governing debit card transaction fees be rewritten, saying that the Board of Governors of the Federal Reserve System has “clearly disregarded Congress’ statutory intent by...

Retailers Plan to Take Debit-Card Fee Dispute to U.S. Supreme Court

by Scott Kelly and Michael Lacy Counsel for the National Association of Convenience Stores, the National Retail Federation, and the Food Marketing Institute, among other retailers, indicated this week that they will file a petition for certiorari to the United States Supreme Court for review of a...