REGULATION · US
Credit unions seek Federal Reserve pause on debit interchange rule pending court resolution
America's Credit Unions has formally requested the Fed freeze its 2023 proposed changes to Regulation II (debit interchange caps) until pending legal challenges are resolved, citing operational and member-impact uncertainty.
WHY IT MATTERS
Signals sustained legal and industry headwinds on Fed's interchange proposal; delays could extend regulatory uncertainty for debit networks and card-issuing banks into 2027.
Source: PYMNTS · 2026-07-15