Advisories May 14, 2021

Payment Systems: Federal Reserve Board Proposes Expansion of Regulation II Network Enablement Requirements

Our Payment Systems Team details how the Federal Reserve Board has articulated a shift in views on the permissibility of certain industry practices under Regulation II and proposed substantive modifications that would result in new compliance obligations for industry participants.

  • Prohibitions on network exclusivity and routing restrictions
  • Summary of amendments proposed in the notice of proposed rulemaking
  • Insights and analysis
Media Contact
Nicholas Clarke
Senior Communications Manager
Phone: 212.210.1222

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