Budd Introduces Bill to Force Federal Reserve to Pause Debit Card Proposal That Hurts Consumers
June 18, 2024
June 18, 2024
WASHINGTON, June 18 -- Sen. Ted Budd, R-North Carolina, issued the following news release:
Today, Senator Ted Budd (R-NC) introduced the Secure Payments Act, which would require the Federal Reserve to pause its Regulation II Debit Card Interchange Fee proposal until it completes a full quantitative impact study of its effects on consumer costs and the wider economy.
Background:
Regulation II was created by the Dodd-Frank Wall Street Reform and Consumer Prot . . .
Today, Senator Ted Budd (R-NC) introduced the Secure Payments Act, which would require the Federal Reserve to pause its Regulation II Debit Card Interchange Fee proposal until it completes a full quantitative impact study of its effects on consumer costs and the wider economy.
Background:
Regulation II was created by the Dodd-Frank Wall Street Reform and Consumer Prot . . .