Pub. 5 2010-2011 Issue 6

March/April 2011 13 Extraordinary Service for Extraordinary Members. O N DEC. 16, 2010, THE BOARD OF Governors of the Federal Reserve System released for comment a proposed regulation to implement the debit interchange fee and network exclu- sivity and routing provisions of the “Durbin Amendment”—Section 1075 of the Dodd-Frank Act. Comments to the proposed regulation were due by Feb. 22, 2011. As of the writing of this Signed into law July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 requires implementation of the majority of its provisions through regulations promulgated by various agencies over the 18 months following the date of enactment. Debit Interchange Regulation: Implications for All Banks Dale Dixon , Husch Blackwell LLP Q Debit Interchange — continued on page 14 COUNSELOR’S CORNER