Electronic Payments Coalition

On the Eve of Implementation, Fed Chairman Bernanke and FDIC Chairman Bair Still “Concerned” that Debit Card Rule Exemption for Small Financial Institutions Won’t Work

In testimony before the Senate Banking Committee today, Federal Reserve Chairman Ben Bernanke acknowledged that there is “good reason to be concerned” that the so-called “exemption” for small financial institutions in the Fed debit card rule will not work in practice.

Updated Last:
May 12, 2011

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