Federal Reserve System publishes rule on Aug. 3

The US Federal Reserve System published a two page rule on Aug. 3, according to the U.S. Government Publishing Office.

The rule is focused on Debit Card Interchange Fees and Routing.

The Federal Reserve is the US's central bank, expanding many times during great financial uncertainty and panic. It has faced numerous criticisms since its creation in 1913, such as making the Great Depression worse and for lacking transparency and audits.

Notices are required documents detailing rules and regulations being proposed by each federal department. This allows the public to see what issues legislators and federal departments are focusing on.

Any person or organization can comment on the proposed rules. Departments and agencies must then address “significant issues raised in comments and discuss any changes made,” the Federal Register says.

Notices published by the Federal Reserve System on Aug. 3

Title
Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Debit Card Interchange Fees and Routing