American Action Forum Issues Commentary: OCC Seeks to Preempt Illinois Interchange Fee Prohibition Act
May 22, 2026
May 22, 2026
WASHINGTON, May 22 -- The American Action Forum issued the following commentary on May 21, 2026, by Competition Policy Director Fred Ashton:
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OCC Seeks to Preempt Illinois Interchange Fee Prohibition Act
Executive Summary
* The U.S. Office of the Comptroller of the Currency has issued an interim final order concluding the Illinois Interchange Fee Prohibition Act (IFPA) is preempted by the National Bank Act and the Home Owners' Loan Ac . . .
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OCC Seeks to Preempt Illinois Interchange Fee Prohibition Act
Executive Summary
* The U.S. Office of the Comptroller of the Currency has issued an interim final order concluding the Illinois Interchange Fee Prohibition Act (IFPA) is preempted by the National Bank Act and the Home Owners' Loan Ac . . .