12 CFR 235.1 - Authority and purpose.

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§ 235.1 Authority and purpose.

(a)Authority. This part is issued by the Board of Governors of the

Federal Reserve System
(Board) under section 920 of the
Electronic Fund Transfer Act
(EFTA) ( 15 U.S.C. 1693o-2, as added by section 1075 of the
Dodd-Frank Wall Street Reform and Consumer Protection Act
, Public Law 111-203, 124 Stat. 1376 (2010)).

(b)Purpose. This part implements the provisions of section 920 of the EFTA, including standards for reasonable and proportional interchange transaction fees for electronic debit transactions, standards for receiving a fraud-prevention adjustment to interchange transaction fees, exemptions from the interchange transaction fee limitations, prohibitions on evasion and circumvention, prohibitions on payment card network exclusivity arrangements and routing restrictions for debit card transactions, and reporting requirements for debit card issuers and payment card networks.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code

Title 12 published on 17-Nov-2018 03:48

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR Part 235 after this date.

  • 2015-08-14; vol. 80 # 157 - Friday, August 14, 2015
    1. 80 FR 48684 - Debit Card Interchange Fees and Routing
      GPO FDSys XML | Text
      Effective August 14, 2015.
      12 CFR Part 235