Year 2013 ended with the Federal Reserve's debit interchange rules still unresolved.
The Fed's regulation implements the debit interchange cap and payment network provisions laid out in the Durbin Amendment to the Dodd-Frank Act.
Named after its chief sponsor, Sen. Richard Durbin (D-Ill.), the amendment set a cap on debit interchange for debit card issuers with more than $10 billion in assets and required debit issuers to increase the number of networks it made available.
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