Justice Department Supports Fed Proposed Rule on Debit Card Interchange Fees, Routing to Promote Competition
August 13, 2021
August 13, 2021
WASHINGTON, Aug. 13 -- The U.S. Department of Justice issued the following news release on Aug. 11, 2021:
The Justice Department's Antitrust Division filed a comment in support of the Federal Reserve Board of Governors' (Board) notice of proposed rulemaking on Debit Card Interchange Fees and Routing. The Board's proposed rule would require banks that issue debit cards ("issuers") to give merchants a choice of debit networks for transactions made online and i . . .
The Justice Department's Antitrust Division filed a comment in support of the Federal Reserve Board of Governors' (Board) notice of proposed rulemaking on Debit Card Interchange Fees and Routing. The Board's proposed rule would require banks that issue debit cards ("issuers") to give merchants a choice of debit networks for transactions made online and i . . .