Durbin interchange battles resurface
CFPB Monitor
MAY 12, 2021
The Fed’s final rule implementing the Durbin Amendment (Regulation II) went into effect in October 2011. Regulation II capped the interchange fee received by large issuers (with $10 billion or more in assets) to 21 cents plus 0.05% of the transaction. Proposed Amendment to Regulation II. New Lawsuit.
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