Recordkeeping and Disclosure Requirements Associated with Regulation II

Regulation II - Debit Card Interchange Fees and Routing (12 CFR Part 235) requires certain debit card issuers (referred to as “covered issuers”) to develop and implement, and at least annually review and update, certain fraud-prevention policies and procedures to be eligible to receive the fraud-prevention adjustment. In addition, the rule requires such a debit card issuer to annually notify its payment card networks that it is eligible to receive the fraud-prevention adjustment, and to notify its payment card networks when it is no longer eligible to receive the fraud-prevention adjustment. Finally, Regulation II requires all debit card issuers and, in some situations, payment card networks to retain evidence of compliance with the requirements in Regulation II for a prescribed period of time. The Paperwork Reduction Act (PRA) classifies these recordkeeping and disclosure requirements associated with Regulation II as an information collection.

The latest form for Recordkeeping and Disclosure Requirements Associated with Regulation II expires 2028-07-31 and can be found here.

Recordkeeping Sections 235.4(b)(1) and (2)

Federal Enterprise Architecture: Economic Development - Financial Sector Oversight