Joint Trades Comment on 2021 Federal Reserve Regulation II Paperwork Reduction Act RFI

Ms. Anne E. Misback
Secretary
Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue, NW
Washington, DC 20551

Dear Ms. Misback:

The undersigned trade associations appreciate the opportunity to provide comments on the proposal of the Board of Governors of the Federal Reserve System (“Board”) to extend for three years, without revision, the Recordkeeping and Disclosure Requirements Associated with Regulation II (Debit Card Interchange Fees and Routing).

We support the Board’s proposal to maintain current recordkeeping procedures. In addition, we urge the Board to reconsider its recent proposal to reopen Regulation II and to resist requests from retailers for further changes that would increase the regulatory burden associated with the Durbin Amendment to the Dodd-Frank Act.

Download the comment letter to read the full text.