Federal Reserve Board Proposes Expansion of Regulation II Network Enablement Requirements

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Our Payment Systems Team details how the Federal Reserve Board has articulated a shift in views on the permissibility of certain industry practices under Regulation II and proposed substantive modifications that would result in new compliance obligations for industry participants.

- Prohibitions on network exclusivity and routing restrictions

- Summary of amendments proposed in the notice of proposed rulemaking

- Insights and analysis

Please see full Article below for more information.

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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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