Colorado governor vetoes bill to restrict interchange fees
Colorado Gov. Jared Polis vetoed legislation to prohibit the collection of interchange fees for sales taxes, saying it presented too ...
Tag: National bank preemption
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 ...
ABA, associations reaffirm support for federal preemption of Illinois interchange law
ABA joined other national associations and state bankers associations in submitting a trio of letters expressing their support for recent ...
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 ...
OCC’s Gould defends agency actions on federal exemption, charter approvals
As more states weigh laws to restrict interchange fees, the OCC will continue to defend federal preemption in courtrooms "as ...
OCC finalizes rules citing federal preemption of state interest-on-escrow laws
The OCC finalized two rules to clarify that national banks are exempt from state laws regulating real estate escrow accounts. ...
Seventh Circuit sends Illinois interchange litigation back to district court
ABA and other financial trade groups welcomed the opportunity to resume their legal challenge to IFPA in district court, arguing ...
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 ...
Colorado legislature sends state-level interchange bill to governor
The Colorado bill is similar to the Illinois Interchange Fee Prohibition Act, or IFPA, which bans banks, payment networks and ...
