Federal Reserve Publishes Interchange fee Guidelines

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On September 14, the Federal Reserve Board published Regulation II: Debit Card Interchange Fees and Routing, 12 CFR 235, Debit Card Interchange Fees and Routing--A Small Entity Compliance Guide. The guide provides, in a question and answer format, information regarding the new system of interchange fees that take effect on October 1.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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