Retail associations sue the OCC and NCUA to challenge Illinois’s interchange fee ban
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Reported on November 13, 2026, nine retail industry associations separately sued the Office of the Comptroller of the Currency (OCC) and the National Credit Union Administration (NCUA), questioning the authority of the two federal agencies to handle Illinois’s Interchange Fee Prohibition Act and to block the application of state law. The law would prohibit the collection of credit and debit card interchange fees on sales and tip transactions in Illinois; its implementation had previously been postponed until 2027. The report also stated that the existing prohibition has been expanded to apply to federally chartered credit unions, while state-chartered banks and state-chartered credit unions remain subject to the state’s law.
AI-written from reports · updated 1 hour ago
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- Digital Transactions NewsSelected9 Retail Associations Sue OCC and NCUA, Challenging Their Handling of Illinois’s Interchange Fee Act
9 retail associations separately sued OCC and NCUA, questioning how the two federal agencies handled the Illinois Interchange Fee Prohibition Act and their authority to block application of the state law. The law would prohibit the collection of credit and debit card interchange fees on sales and tips in Illinois, with its effective date previously delayed until 2027. The existing injunction has been expanded to cover credit unions nationwide, while state-chartered banks and state-chartered credit unions remain subject to the law.
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