Federal Reserve System: Debit Card Interchange Fees and Routing
GAO-11-895R: Aug 11, 2011
- Full Report:
GAO reviewed the Board of Governors of the Federal Reserve System's new rule on debit card interchange fees and routing. GAO found that (1) the final rule implements the provisions of section 920 of the Electronic Fund Transfer Act; and (2) the Federal Reserve complied with the applicable requirements in promulgating the rule.