[Federal Register Volume 86, Number 123 (Wednesday, June 30, 2021)]
[Proposed Rules]
[Pages 34644-34645]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-13533]


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FEDERAL RESERVE SYSTEM

12 CFR Part 235

[Regulation II; Docket No. R-1748]
RIN 7100-AG15


Debit Card Interchange Fees and Routing

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice of proposed rulemaking; extension of comment period.

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SUMMARY: On May 13, 2021, the Board of Governors of the Federal Reserve 
System (Board) published in the Federal Register a proposal to amend 
Regulation II to clarify that the requirement that each debit card 
transaction must be able to be processed on at least two unaffiliated 
payment card networks applies to card-not-present transactions, clarify 
the requirements that Regulation II imposes on debit card issuers to 
ensure that at least two unaffiliated payment card networks have been 
enabled for debit card transactions, and standardize and clarify the 
use of certain terminology. The proposal provided for a comment period 
ending on July 12, 2021. The Board is extending the comment period for 
30 days, until August 11, 2021.

DATES: The comment period for the notice of proposed rulemaking 
published on May 13, 2021 (86 FR 26189), is extended. Comments must be 
received by August 11, 2021.

ADDRESSES: You may submit comments by any of the methods identified in 
the proposal.

FOR FURTHER INFORMATION CONTACT: Jess Cheng, Senior Counsel (202-452-
2309), Legal Division; or Krzysztof Wozniak, Manager (202-452-3878), 
Elena Falcettoni, Economist (202-452-2528), or Larkin Turman, Financial 
Institution and Policy Analyst (202-452-2388), Division of Reserve Bank 
Operations and Payment Systems. Users of Telecommunication Device for 
Deaf (TDD) only, call (202) 263-4869.

SUPPLEMENTARY INFORMATION: On May 13, 2021, the Board of Governors of 
the Federal Reserve System (Board) published in the Federal Register a 
proposal to amend Regulation II to

[[Page 34645]]

clarify that the requirement that each debit card transaction must be 
able to be processed on at least two unaffiliated payment card networks 
applies to card-not-present transactions, clarify the requirements that 
Regulation II imposes on debit card issuers to ensure that at least two 
unaffiliated payment card networks have been enabled for debit card 
transactions, and standardize and clarify the use of certain 
terminology.\1\
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    \1\ 86 FR 26189 (May 13, 2021).
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    The proposal provided for a comment period ending on July 12, 2021. 
Since the publication of the proposal, the Board has received comments 
requesting a 30-day extension of the comment period. An extension of 
the comment period will provide additional opportunity for interested 
parties to analyze the proposal and prepare and submit comments. 
Therefore, the Board is extending the end of the comment period for the 
proposal from July 12, 2021 to August 11, 2021.

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2021-13533 Filed 6-29-21; 8:45 am]
BILLING CODE P