Federal Reserve Board extends Comment Period on Proposed Changes to Regulation II regarding Network Availability for Card-not-present Debit Card Transactions until August 11, 2021 | site |



(Information contained in Board of Governors of the Federal Reserve System press release dated: June 22, 2021)

The Federal Reserve Board 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 and Routing) that would clarify that debit card issuers should enable, and 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 and prepare their comments. Originally, comments were due by July 12, 2021.

The Board's Federal Register notice is attached.

Federal Register notice: Notice of proposed rulemaking; extension of comment period