On behalf of our food retail, wholesale, and product supplier members, FMI – The Food Industry Association welcomes the opportunity to submit comments in response to the Notice of Proposed Rulemaking (“NPRM” or “Proposed Rule”) published by the Board of Governors of the Federal Reserve System (“Board”) on debit card interchange fees. We commend the Board for initiating this important rulemaking. The NPRM represents a meaningful opportunity for the Board to set the U.S. debit system on a path characterized by consistently reasonable interchange fees and effective incentives for reduced fraud.

Full Comments