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Treasury Report Cites Benefits to Government from More Interchange Regulation

The U.S. Government could save between $36 million and $39 million in interchange fees annually if it had the right to negotiate for better terms, according to a Treasury Department report.

By Claude R. Marx | Updated on June 14, 2010

The U.S. Government could save between $36 million and $39 million in interchange fees annually if it had the right to negotiate for better terms, according to a Treasury Department report.

This year Congress is not expected to take up legislation that would allow the government to negotiate these interchange fees. But the interchange issue has come up as House-Senate conferees are reconciling versions of the regulatory restructuring bill. The Senate bill contains an amendment allowing the Federal Reserve to set certain interchange rates.

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