A line of Visa and Mastercard debit cards Credit/Shutterstock

On Wednesday afternoon, the Federal Reserve issued its proposed changes to the current debit card interchange cap, which would reduce the interchange fee cap and increase the fraud-prevention adjustment. News of the proposal from the Fed was not received well by the credit union industry. At the same time, merchant groups called it “a step in the right direction.”

According to an analysis of the Fed’s proposal by CUNA, the changes, if enacted, would result in the following:


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Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

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