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What is agenda package - durbin?
The agenda package - Durbin refers to a set of documents and forms that financial institutions are required to complete and submit in compliance with the Durbin Amendment, which regulates debit card interchange fees.
Who is required to file agenda package - durbin?
All financial institutions that issue debit cards and have annual debit card transaction volume exceeding a specified threshold are required to file the agenda package - Durbin.
How to fill out agenda package - durbin?
To fill out the agenda package - Durbin, institutions must collect and report specific information regarding interchange fees, transaction volumes, and pricing methodologies according to the provided guidelines in the package.
What is the purpose of agenda package - durbin?
The purpose of the agenda package - Durbin is to ensure transparency and compliance with regulations established by the Durbin Amendment, thereby allowing for proper oversight of debit card transaction fees.
What information must be reported on agenda package - durbin?
Institutions must report details about the interchange fees they charge, the total number of transactions, the total dollar volume of transactions, and any pricing practices related to debit card services.
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