12 CFR 235.3 - Reasonable and proportional interchange transaction fees.

§ 235.3 Reasonable and proportional interchange transaction fees.

(a)In general. The amount of any interchange transaction fee that an issuer may receive or charge with respect to an electronic debit transaction shall be reasonable and proportional to the cost incurred by the issuer with respect to the electronic debit transaction.

(b)Determination of reasonable and proportional fees. An issuer complies with the requirements of paragraph (a) of this section only if each interchange transaction fee received or charged by the issuer for an electronic debit transaction is no more than the sum of -

(1) 21 cents and;

(2) 5 basis points multiplied by the value of the transaction.

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].

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United States Code
U.S. Code: Title 15 - COMMERCE AND TRADE

Title 12 published on 17-Jun-2017 04:33

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
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