Data / Federal rules / 2024-01612

Debit Card Interchange Fees and Routing; Extension of Comment Period

The Federal Reserve System published this proposed rule in the Federal Register on January 29, 2024. It took effect on November 14, 2023. Comments closed on May 12, 2024.

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What the agency says

On November 14, 2023, the Board of Governors of the Federal Reserve System (Board) published in the Federal Register a proposal that would update all three components of Regulation II's interchange fee cap based on the latest data reported to the Board by large debit card issuers, update the interchange fee cap every other year going forward by directly linking the interchange fee cap to data from the Board's biennial survey of large debit card issuers, and implement a set of technical revisions to the regulation. The proposal provided for a comment period ending on February 12, 2024. The Board is extending the comment period for 90 days, until May 12, 2024. Further, additional data concerning the proposed new methodology for determining the base component of the interchange fee cap are being made available on the Board's website.

Key facts

Document number: 2024-01612
Type: Proposed rule
Action: Notice of proposed rulemaking; extension of comment period
Agency: Federal Reserve System
Published: January 29, 2024
Takes effect: November 14, 2023
Comments due: May 12, 2024
Dates: The comment period for the proposed rulemaking published on November 14, 2023 (88 FR 78100) is extended. Comments must be received by May 12, 2024.
Docket: Regulation II; Docket No. R-1818
Regulation ID (RIN): 7100-AG67
Code of Federal Regulations: 12 CFR 235
Pages: 1

The document on federalregister.gov PDF

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Everything from the Federal Reserve System · Published in January 2024

Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.