ICBA and 43 state bankers associations sent a letter to the OCC in support of its order preempting the Illinois Interchange Fee Prohibition Act and the Interim Final Rule National Bank Non-Interest Charges and Fees. ICBA and the state groups said they strongly support the OCC’s Interim Final Order concluding that federal law preempts the IFPA as applied to national banks, as well as the OCC’s accompanying determinations regarding the need for immediate action.

ICBA and the state groups urged the agency to finalize the order promptly to provide lasting regulatory certainty for nationally chartered community banks, consumers, and merchants nationwide.