§235.4. Fraud-prevention adjustment. — Inbound Citations

(1) Except as provided in paragraph (a)(3) of this section, §§ 235.3, 235.4, and 235.6 do not apply to an interchange transaction fee received or charged by an issuer with respect to an electronic debit transaction if—

(i) The issuer holds the account that is debited; and

(ii) The issuer, together with its affiliates, has assets of less than $10 billion as of the end of the calendar year preceding the date of the electronic debit transaction.

(a) No person shall circumvent or evade the interchange transaction fee restrictions in §§ 235.3 and 235.4.