The Food Marketing Institute (FMI) appreciates the opportunity to respond to the Federal Reserve Board of Governors proposed rule on debit card interchange fees and network routing. Debit card fees have increased exponentially for FMI’s member companies over the past decade, and we appreciate the opportunity to provide our feedback on this proposed rule. We appreciate the thoughtful considerations that have been taken into account in the proposed rule and look forward to working with the Federal Reserve Board as this rule is finalized.
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