Regulation of Debit Interchange Fees

Getter, Darryl E.

Library of Congress. Congressional Research Service.

关键词: Legislation;    Bill drafting;    Banking law;    Debit cards;   

RP-ID  :  R41913
RP-ID  :  R41913_2017May16

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report discusses section 735 of the Financial Choice Act (H.R. 10) which would repeal the Durbin Amendment. The Durbin Amendment capped the amount of interchange fees paid by merchants to banks when a customer uses a debit card to pay.The report begins with a description of the debit payments process and network pricing for the four-party system and the three-party system. It summarizes the requirements of Regulation II, which implements the Durbin Amendment. The report concludes with a discussion of some implications of Regulation II for merchants, consumers, and banks as well as with some recent observations.