Comment from Merchants Payments Coalition
Merchants Payments CoalitionOpposeTrade association
Summary: The Merchants Payments Coalition (MPC) opposes the NCUA's Interim Final Rule, arguing that it exceeds the agency's statutory authority, violates antitrust principles, and improperly preempts state laws like the Illinois Interchange Fee Prohibition Act. They contend that the rule is based on an inaccurate understanding of the payments ecosystem and fails to meet procedural requirements under the APA and RFA.
See attached file(s)