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 ...
Tag: Interchange
ABA: Illinois interchange law will ‘wreak havoc’ on payment systems
If enforcement of an Illinois law restricting interchange fees is not prevented before July 1, it will upend the debit- ...
Colorado, Delaware advance bills to eliminate certain interchange fees
Proposed laws to ban the collection of interchange fees for certain payments have advanced in Colorado and Delaware even as ...
OCC, former comptrollers urge court to overturn Illinois interchange ruling
An Illinois state law restricting interchange fees for certain payments threatens the national banking system by interfering with federal powers ...
How the Durbin Amendment hurt consumers — and why expanding it would hurt more
New research from a one-time Durbin defender shows debit card interchange fee caps distorted the payments ecosystem and failed to ...
Federal court partially upholds Illinois interchange fee law
A federal court in Illinois partially upheld a first-of-its-kind state law restricting interchange fees for debit and credit card payments, ...
State legislatures enter their busy season
Bank advocates expect 2026 to be a hectic year for state legislation, with possible bills on interchange fees, fraud, AI ...
ABA, associations urge appeals court to reverse debit card interchange fee ruling
A recent court ruling imposing a new interpretation of the Federal Reserve’s standard for setting debit card interchange fees would ...
Fed releases report on debit card interchange fee revenue
U.S. payment card networks processed 100.7 billion debit and general-use prepaid card transactions valued at $4.7 trillion in 2023, representing ...
ABA, associations ask Fed to withdraw proposal to lower debit card fee cap
ABA and eight financial sector associations are urging the Federal Reserve to withdraw a two-year-old proposal to lower the cap ...
