May 28, 2026· OCC-2026-0431-0021
Filed as an attachment.
OCCNonrulemakingOCC-2026-0431
Order Preempting the Illinois Interchange Fee Prohibition Act
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Jun 25, 2026
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Axos Bank filings
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Axos Bank filed 1 comment on this docket between May 28, 2026 and May 28, 2026. 5 other organizations filed here. The comment window closed 60d ago.
What Axos Bank filed (1)
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.
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