Debit Card Interchange Fees and Routing; Extension of Comment Period, 5438 [2024-01612]
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5438
Proposed Rules
Federal Register
Vol. 89, No. 19
Monday, January 29, 2024
This section of the FEDERAL REGISTER
contains notices to the public of the proposed
issuance of rules and regulations. The
purpose of these notices is to give interested
persons an opportunity to participate in the
rule making prior to the adoption of the final
rules.
FEDERAL RESERVE SYSTEM
12 CFR Part 235
[Regulation II; Docket No. R–1818]
RIN 7100–AG67
Debit Card Interchange Fees and
Routing; Extension of Comment Period
Board of Governors of the
Federal Reserve System.
ACTION: Notice of proposed rulemaking;
extension of comment period.
AGENCY:
On November 14, 2023, the
Board of Governors of the Federal
Reserve System (Board) published in the
Federal Register a proposal that would
update all three components of
Regulation II’s interchange fee cap based
on the latest data reported to the Board
by large debit card issuers, update the
interchange fee cap every other year
going forward by directly linking the
interchange fee cap to data from the
Board’s biennial survey of large debit
card issuers, and implement a set of
technical revisions to the regulation.
The proposal provided for a comment
period ending on February 12, 2024.
The Board is extending the comment
period for 90 days, until May 12, 2024.
Further, additional data concerning the
proposed new methodology for
determining the base component of the
interchange fee cap are being made
available on the Board’s website.
DATES: The comment period for the
proposed rulemaking published on
November 14, 2023 (88 FR 78100) is
extended. Comments must be received
by May 12, 2024.
ADDRESSES: You may submit comments
by any of the methods identified in the
proposal.
FOR FURTHER INFORMATION CONTACT:
Benjamin Snodgrass, Senior Counsel
(202–263–4877) or Cody Gaffney, Senior
Attorney (202–452–2674), Legal
Division; or Krzysztof Wozniak, Section
Chief (202–452–3878) or Elena
Falcettoni, Senior Economist (202–452–
2528), Division of Reserve Bank
ddrumheller on DSK120RN23PROD with PROPOSALS1
SUMMARY:
VerDate Sep<11>2014
16:48 Jan 26, 2024
Jkt 262001
Operations and Payment Systems. For
users of TTY–TRS, please call 711 from
any telephone, anywhere in the United
States or (202) 263–4869.
CONSUMER PRODUCT SAFETY
COMMISSION
On
November 14, 2023, the Board
published in the Federal Register a
proposal that would update all three
components of Regulation II’s
interchange fee cap based on the latest
data reported to the Board by large debit
card issuers, update the interchange fee
cap every other year going forward by
directly linking the interchange fee cap
to data from the Board’s biennial survey
of large debit card issuers, and
implement a set of technical revisions to
the regulation.1
The proposal provided for a comment
period ending on February 12, 2024.
Since the publication of the proposal,
multiple commenters have requested
that the Board extend the comment
period, while one commenter has
expressed opposition to any extension.
An extension of the comment period
will provide additional opportunity for
interested parties to consider the
proposal and prepare comments.
Therefore, the Board is extending the
end of the comment period for the
proposal from February 12, 2024, to
May 12, 2024.
In addition, to assist the public in
commenting on the proposed new
methodology for determining the base
component of the interchange fee cap,
additional data concerning this aspect of
the proposal are being made available
on the Board’s website.2
[Docket No. CPSC–2024–0004]
SUPPLEMENTARY INFORMATION:
By order of the Board of Governors of the
Federal Reserve System, acting through the
Secretary of the Board under delegated
authority, January 22, 2024.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2024–01612 Filed 1–26–24; 8:45 am]
BILLING CODE P
1 88
FR 78100 (Nov. 14, 2023).
additional data are being made available on
the Reports and Data Collections page of the
Regulation II section of the Board’s website. See
https://www.federalreserve.gov/paymentsystems/
regii-data-collections.htm.
2 The
PO 00000
Frm 00001
Fmt 4702
Sfmt 4702
16 CFR Part 1263
Petition Requesting Rulemaking To
Amend the Requirement for a ‘‘Keep
Out of Reach’’ Icon on Button Cell or
Coin Battery Packaging
Consumer Product Safety
Commission.
ACTION: Request for comment on
petition for rulemaking.
AGENCY:
The U.S. Consumer Product
Safety Commission (Commission or
CPSC) received a petition requesting an
amendment to its rule on button cell or
coin battery packaging to allow for a
smaller ‘‘Keep out of Reach’’ icon on the
principal display panel for packages of
button cell or coin batteries (Petition).
The Commission invites written
comments concerning this Petition.
DATES: Submit comments by March 29,
2024.
ADDRESSES: Submit comments,
identified by Docket No. CPSC–2024–
0004, by any of the following methods:
Electronic Submissions: Submit
electronic comments to the Federal
eRulemaking Portal at: https://
www.regulations.gov. Follow the
instructions for submitting comments.
CPSC typically does not accept
comments submitted by email, except as
described below. CPSC encourages you
to submit electronic comments by using
the Federal eRulemaking Portal.
Mail/Hand Delivery/Courier/
Confidential Written Submissions:
Submit comments by mail, hand
delivery, or courier to: Office of the
Secretary, Consumer Product Safety
Commission, 4330 East-West Highway,
Bethesda, MD 20814; telephone: (301)
504–7479. If you wish to submit
confidential business information, trade
secret information, or other sensitive or
protected information that you do not
want to be available to the public, you
may submit such comments by mail,
hand delivery, or courier, or you may
email them to: cpsc-os@cpsc.gov.
Instructions: All submissions must
include the agency name and docket
number. CPSC may post all comments
without change, including any personal
identifiers, contact information, or other
personal information provided, to:
SUMMARY:
E:\FR\FM\29JAP1.SGM
29JAP1
]]>Agencies
[Federal Register Volume 89, Number 19 (Monday, January 29, 2024)]
[Proposed Rules]
[Page 5438]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-01612]
========================================================================
Proposed Rules
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains notices to the public of
the proposed issuance of rules and regulations. The purpose of these
notices is to give interested persons an opportunity to participate in
the rule making prior to the adoption of the final rules.
========================================================================
Federal Register / Vol. 89, No. 19 / Monday, January 29, 2024 /
Proposed Rules
[[Page 5438]]
FEDERAL RESERVE SYSTEM
12 CFR Part 235
[Regulation II; Docket No. R-1818]
RIN 7100-AG67
Debit Card Interchange Fees and Routing; Extension of Comment
Period
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice of proposed rulemaking; extension of comment period.
-----------------------------------------------------------------------
SUMMARY: On November 14, 2023, the Board of Governors of the Federal
Reserve System (Board) published in the Federal Register a proposal
that would update all three components of Regulation II's interchange
fee cap based on the latest data reported to the Board by large debit
card issuers, update the interchange fee cap every other year going
forward by directly linking the interchange fee cap to data from the
Board's biennial survey of large debit card issuers, and implement a
set of technical revisions to the regulation. The proposal provided for
a comment period ending on February 12, 2024. The Board is extending
the comment period for 90 days, until May 12, 2024. Further, additional
data concerning the proposed new methodology for determining the base
component of the interchange fee cap are being made available on the
Board's website.
DATES: The comment period for the proposed rulemaking published on
November 14, 2023 (88 FR 78100) is extended. Comments must be received
by May 12, 2024.
ADDRESSES: You may submit comments by any of the methods identified in
the proposal.
FOR FURTHER INFORMATION CONTACT: Benjamin Snodgrass, Senior Counsel
(202-263-4877) or Cody Gaffney, Senior Attorney (202-452-2674), Legal
Division; or Krzysztof Wozniak, Section Chief (202-452-3878) or Elena
Falcettoni, Senior Economist (202-452-2528), Division of Reserve Bank
Operations and Payment Systems. For users of TTY-TRS, please call 711
from any telephone, anywhere in the United States or (202) 263-4869.
SUPPLEMENTARY INFORMATION: On November 14, 2023, the Board published in
the Federal Register a proposal that would update all three components
of Regulation II's interchange fee cap based on the latest data
reported to the Board by large debit card issuers, update the
interchange fee cap every other year going forward by directly linking
the interchange fee cap to data from the Board's biennial survey of
large debit card issuers, and implement a set of technical revisions to
the regulation.\1\
---------------------------------------------------------------------------
\1\ 88 FR 78100 (Nov. 14, 2023).
---------------------------------------------------------------------------
The proposal provided for a comment period ending on February 12,
2024. Since the publication of the proposal, multiple commenters have
requested that the Board extend the comment period, while one commenter
has expressed opposition to any extension. An extension of the comment
period will provide additional opportunity for interested parties to
consider the proposal and prepare comments. Therefore, the Board is
extending the end of the comment period for the proposal from February
12, 2024, to May 12, 2024.
In addition, to assist the public in commenting on the proposed new
methodology for determining the base component of the interchange fee
cap, additional data concerning this aspect of the proposal are being
made available on the Board's website.\2\
---------------------------------------------------------------------------
\2\ The additional data are being made available on the Reports
and Data Collections page of the Regulation II section of the
Board's website. See https://www.federalreserve.gov/paymentsystems/regii-data-collections.htm.
By order of the Board of Governors of the Federal Reserve
System, acting through the Secretary of the Board under delegated
authority, January 22, 2024.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2024-01612 Filed 1-26-24; 8:45 am]
BILLING CODE P
