Fed proposed Debit Interchange Fee Cap Rule could have unintended consequences for Govt Benefit Cards, Flexible Spending Accounts and Reloadable Prepaid Cards

Of particular concern to the prepaid card industry is the proposed rules do not clarify how the critical exemptions government benefit cards and reloadable prepaid cards would be implemented by the card networks under the proposed interchange fee cap rule, as mandated by the Dodd-Frank Wall Street Reform Act.

To view the NBPCA Press Release:

Fed-Proposed-Interchange-Rule-Press-Release-Final

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