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ABA: The American Bankers Association
Amicus Brief

North Dakota Retail Association et al v. Board of Governors of the Federal Reserve System

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This case concerns the Board of Governors of the Federal Reserve System’s (“Board”) Regulation II, which was promulgated in 2011 pursuant to the Durbin Amendment of the Dodd-Frank Wall Street Reform and Consumer Protection Act, 15 U.S.C. § 1693o-2 (the “Durbin Amendment”). Regulation II regulates, among other things, the interchange fees that debit card issuers may receive for debit card transactions to compensate them for the costs of processing such transactions.

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