Order Preempting the Illinois Interchange Fee Prohibition Act

6 organizations filed 8 public comments on Order Preempting the Illinois Interchange Fee Prohibition Act, at the Office of the Comptroller of the Currency. The comment window closed 60d ago.

Abstract

The OCC is issuing an interim final order concluding that Federal law preempts the Illinois Interchange Fee Prohibition Act, which purports to (1) prohibit national banks and Federal savings associations from charging or receiving interchange fees on the tax and gratuity portions of payment card transactions; and (2) restrict the use of payment card transaction data.

Commenters (6)

• American Bankers Associationtrade assoc.

  3 filings · confidence 97%
• Axos Bank

  1 filing · confidence 97%
• Bank Policy Institutetrade assoc.

  1 filing · confidence 97%
• National Federation of Independent Businesstrade assoc.

  1 filing · confidence 97%
• National Retail Federationtrade assoc.

  1 filing · confidence 97%
• Wisconsin Bankers Associationtrade assoc.

  1 filing · confidence 97%