Type:Notice
Citation:90 FR 2700
Reading Time:about 4 minutes
The Board of Governors of the Federal Reserve System is asking for public comments on its plan to continue the recordkeeping and disclosure requirements for Regulation II for three more years without changes. This regulation affects debit card issuers and payment card networks, which must develop fraud-prevention policies and notify payment networks about their eligibility for a fraud-prevention adjustment. The public has until March 14, 2025, to submit feedback on aspects like the necessity, accuracy, and impact of this information collection.
Simple Explanation
The Federal Reserve wants to hear what people think about keeping the same rules for how debit card companies handle stuff like stopping fraud. People can say what they think until March 14, 2025.