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Visa 'stands to lose the most' from Fed's new debit-card rules, analyst says

Por: MarketWatch Business October 05, 2022

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Monday’s update noted that the final deadline for implementation will be July 1, 2023. The latest update serves to clarify Regulation II of the Durbin amendment, which set forth the rule about alternative routing options in debit. When the Durbin amendment passed in the shadow of the financial crisis, it sought to rein in the financial industry through caps on debit-card interchange and the requirement for choice in routing. The thinking from... + full article



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