Independent Voices #17: Proposed Debit Interchange Rule

 “[W]e believe the proposal takes an unnecessarily narrow approach to the recovery of costs that would be allowable under the law and are recognized and indisputably part of conducting a debit card business. This has long-term safety and soundness consequences – for banks of all sizes – that are not compelled by the statute.”

 OFFICE of the COMPTROLLER of the CURRENCY

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