Regulation II: Debit Card, Interchange Fees and Routing
Seat Time: 0.25hrs - Desc:
This course will introduce the learner to Regulation II and the Dodd-Frank Wall Street Reform and Consumer Protection Act. The learner will be provided with an overview of the standards implemented by the Regulation and the definition of terms like "basis point." After completing this program, the learner will understand:
- Details of debit card interchange fees, including exemptions.
- Definition of a "basis point."
- Prohibitions on circumvention, evasion, and net compensation.