Another interest group, the International Center for Law & Economics, suggested the Fed simply drop its efforts to regulate the fee. “The Board should acknowledge that markets are the best mechanisms to establish such fees and remove the price controls altogether,” its April 23 letter said.
ICLE on Debit-Card Fees
Payments Dive
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ICLE comments to the Federal Reserve on a proposal to amend Regulation II, which caps the fees that can be charged to merchants for processing debit-card transactions, were cited in a story by Payments Dive. You can read the full piece here.