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December Developments
December 27, 2010
December 21, 2010
December 20, 2010
December 17, 2010
December 16, 2010
- Federal Reserve requests comment on a proposed rule to establish debit card interchange fee standards
The Board is requesting comment on two alternative interchange fee standards that would apply to all covered issuers: one based on each issuer's costs, with a safe harbor (initially set at 7 cents per transaction) and a cap (initially set at 12 cents per transaction); and the other a stand-alone cap (initially set at 12 cents per transaction). Under both alternatives, circumvention or evasion of the interchange fee limitations would be prohibited. The Board also is requesting comment on possible frameworks for an adjustment to the interchange fees to reflect certain issuer costs associated with fraud prevention.
Letter to the Chairman and Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs from Chairman Bernanke regarding Debit Interchange Final Rule Status (March 29, 2011) (101 KB PDF)
An identical letter was sent to the Chairman and Ranking Member of the House Committee on Financial Services.Comments: Submit | View
December 15, 2010
- Agencies seek comment on market risk and Basel II advanced approaches
Joint Notice of Proposed Rulemaking that would amend the advanced approaches capital adequacy framework known as Basel II to be consistent with certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Regulation H and Y [R-1402] Submit | View
December 13, 2010
- Federal Reserve proposes expanded coverage of consumer protection regulations to credit transactions and leases of higher dollar amounts
Proposed amendments to the Consumer Leasing Act (CLA) by increasing the threshold for exempt consumer leases from $25,000 to $50,000. In addition, the Dodd-Frank Act provides that, on or after December 31, 2011, this threshold must be adjusted annually by any annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers. Accordingly, the Board is proposing to make corresponding amendments to Regulation M, which implements the CLA, and to the accompanying staff commentary.
Regulation M Comments: Submit | View
Proposed amendments to the Truth in Lending Act (TILA) by increasing the threshold for exempt consumer credit transactions from $25,000 to $50,000. In addition, the Dodd-Frank Act provides that, on or after December 31, 2011, this threshold must be adjusted annually by any annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers. Accordingly, the Board is proposing to make corresponding amendments to Regulation Z, which implements TILA, and to the accompanying staff commentary.
Regulation Z Comments: Submit | View
December 10, 2010
December 6, 2010
December 3, 2010
December 1, 2010
Last update:
March 16, 2017
