FED – FED extends comment period on proposed changes to Regulation II regarding network availability for card-not-present debit card transactions until August 11, 2021


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June 22, 2021

FED extends comment period on proposed changes to Regulation II regarding network availability for card-not-present debit card transactions until August 11, 2021

For release at 10:30 a.m. EDT

The FED announced on Tuesday that it will extend until August 11, 2021, the comment period for its proposed changes to Regulation II (Debit Card Interchange Fees & Routing) that would clarify that debit card issuers should enable, & allow merchants to choose from, at least two unaffiliated networks for card-not-present debit card transactions, such as online purchases.

The Board extended the comment period to allow interested persons more time to analyze the issues & prepare their comments. Originally, comments were due by July 12, 2021.

The Board’s Federal Register notice is attached.

For media inquiries, call 202-452-2955

Last Update:
June 22, 2021

Source: Federal Reserves

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