ICBA Statement on U.S. District Court’s Debit Interchange Ruling

Washington, D.C. (Aug. 8, 2025)-Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the U.S. District Court for the District of North Dakota ruling in Corner Post v. Board of Governors of the Federal Reserve System, which challenged the Fed's 2011 rule governing debit card interchange rates.

"ICBA is disappointed by today's Corner Post ruling, which excludes debit card fraud losses from Regulation II, stripping community banks of the ability to recover the largest category of fraud losses and putting consumers' debit card security at risk.

"Regulation II and the Durbin Amendment are flawed policies. In recent comments to the Federal Reserve, ICBA urged changes that reflect today's debit market and fraud realities. The Fed's 2024 Risk Officer Survey confirms fraud risk remains a top concern, which must be addressed to ensure consumers continue to benefit from safe, reliable, and secure debit card programs.

"ICBA will continue working with policymakers, regulators, and stakeholders to advance policies that protect consumers, strengthen community banks, and modernize outdated regulations."

About ICBA
The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation's community banks through effective advocacy, education, and innovation.

As local and trusted sources of credit, America's community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers' financial goals and dreams. For more information, visit ICBA's website at icba.org.