Federal Reserve Publishes Regulation II Exempt and Not Exempt Lists
The Federal Reserve Board has published lists of institutions that are subject to, and exempt from, the debit card interchange fee standards in Regulation II.
These lists, available at the Fed website, are intended to help payment card networks and others determine which issuers qualify for the statutory exemption from interchange fee standards. The statute exempts any debit card issuer that, together with its affiliates, has assets of less than $10 billion.
There are currently 14,842 institutions that are exempt and 572 that are subject to debit interchange fee standards. The Board plans to update the lists annually.
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