Skip to content

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

| Electronic Payments Coalition

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.

Get the Latest Updates Delivered to Your Inbox

By submitting you agree to our Terms & Conditions