ABA, associations: Appeals court should uphold Fed’s Reg II interchange fee standard
A federal appeals court should uphold a district court ruling and reject a retailer lawsuit seeking to overturn how the...
Legal
NCUA adopts rule to assert federal preemption over state interchange laws
The NCUA is issuing an interim final rule to clarify the powers of federal credit unions to charge certain fees,...
Court rules federal law preempts Illinois interchange law
A federal court ruled that an Illinois law restricting the collection of interchange fees is preempted by federal law for...
Court vacates FinCEN residential real estate reporting rule
A federal court has vacated FinCEN’s new anti-money laundering reporting requirements for residential real estate transfers. As a result, reporting...
ABA, plaintiffs ask court to quickly issue Illinois interchange fee decision on remand
ABA and other plaintiffs are asking a federal court to issue a decision by next week in a lawsuit seeking...
Consumer groups, vendors sue CFPB over changes to fair lending enforcement
A coalition of consumer groups and fair lending compliance firms has filed a lawsuit to prevent the CFPB from removing...
OCC: Court should reverse Illinois interchange fee decision
The OCC is urging a federal court to reverse its decision upholding Illinois restrictions on interchange fees in light of...
ABA, plaintiffs urge court to overturn Illinois interchange fee law
Recent actions by the OCC make clear that federal law preempts an Illinois law restricting interchange fees, so a federal...
Appeals court rules New York interest-on-escrow law preempted by federal law
A federal appeals court ruled that New York State’s interest-on-escrow law is preempted by the National Bank Act, with the...
OCC issues two interim final actions related to IFPA preemption
The OCC’s interim final order confirms that federal law preempts the IFPA, expressly providing that national banks and federal savings...
