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FTC Issues Dodd-Frank Report to Congress, Focused on Debit Card Transactions

News release: “The Federal Trade Commission issued a report to Congress explaining steps the agency has taken in connection with new rules on debit card transactions that were put in place last year by the Federal Reserve Board as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The FTC shares authority to investigate and enforce the new Dodd-Frank requirements with other financial regulators. The Commission’s enforcement work generally focuses on the conduct of payment card networks and certain other non-bank entities. Regulations related to payment card network exclusivity and routing became fully effective in April 2012.”

  • Federal Trade Commission Report on Activities Related to Section 1075 of the Dodd-Frank Act, December 24, 2012
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