Rule Restricting Debit Card Gambling Transactions

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Question:

I heard that there are new rules being put into place that will restrict gambling transactions on debit cards. Do you have a reference to this subject?

Answer:

Regulation GG has been proposed by the Federal Reserve Board and the Treasury Department. It was the subject of a BOL Top Stories blurb on October 4, 2007.

First published on BankersOnline.com 3/10/08