Independent Community Bankers of America

Summary: The Independent Community Bankers of America (ICBA) strongly supports the OCC's interim final rule, arguing that it clarifies existing national bank powers and provides necessary legal certainty against unworkable state laws like the Illinois Interchange Fee Prohibition Act (IFPA). They contend that the IFPA is operationally impossible to implement within the current payment infrastructure and that the OCC's action is necessary to protect the integrity of the national payment system and the viability of community banks.