Comment from National Lumber & Building Material Dealers Association
National Lumber & Building Material Dealers AssociationOpposeTrade association
Summary: The National Lumber and Building Material Dealers Association (NLBMDA) opposes the NCUA's Interim Final Rule because it adopts an overly broad view of preemption that risks displacing state-level policies, such as Illinois' ban on interchange fees on taxes and gratuities. The association argues that the rule fails to account for the significant financial burden that rising interchange fees impose on small and mid-sized merchants in the lumber and building materials industry.
Please find attached NLBMDA’s comments in response to the National Credit Union Administration’s interim final rule on federal credit union non-interest charges and fees