Comment from America's Credit Unions
America's Credit UnionsSupportTrade association
Summary: A coalition of trade associations representing credit unions and banks supports the NCUA's interim final rule regarding the preemption of state laws on non-interest charges and fees. They argue that the rule protects federal credit unions from costly and disruptive state-level regulations, such as Illinois' interchange fee prohibition, while maintaining a uniform national payments system.
On behalf of America’s Credit Unions, the Illinois Credit Union League, the American Bankers Association, and the Illinois Bankers Association, please see the attached letter.