The Illinois Bankers Association and its co-plaintiffs have filed a brief in our litigation challenging the Interchange Fee Prohibition Act (IFPA), which was remanded to the district court to address the OCC’s recent interim final actions affirming preemption of the IFPA. The brief argues that OCC’s actions put federal preemption of the IFPA “beyond dispute” and that the OCC’s actions “make the outcome of this case inevitable." Read the IBA’s Response to the Attorney General’s Supplemental Brief.
The American Bankers Association has released a guide for banks to use when writing comment letters supporting the OCC’s recent interim final actions concluding that the Interchange Fee Prohibition Act is preempted by federal law and clarifying national banks’ power to charge interchange fees from credit and debit card operations, in support of the IBA’s interchange litigation. The guide includes a sample comment letter for banks to customize and practical suggestions. Comments to the interim final actions are due by May 29, 2026. Access the guide.