Comment from Michigan Credit Union League
Michigan Credit Union LeagueSupportTrade association
Summary: The Michigan Credit Union League, a statewide trade association, supports the NCUA's move to preempt the Illinois Interchange Fee Prohibition Act (IFPA) for federal credit unions. They urge the NCUA to extend this same preemption to federally insured, state-chartered credit unions (FICUs) to ensure charter parity, protect the safety and soundness of the Share Insurance Fund, and prevent operational burdens and higher costs for members.
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