BMO Bank N.A.
BMO Bank N.A.SupportBusiness
Summary: BMO Bank N.A. supports the OCC's action to protect national bank powers from inconsistent state-level regulations regarding non-interest charges and fees. The bank argues that a patchwork of state mandates, such as those in Illinois and Colorado, creates significant operational complexity, increases compliance costs, and threatens the stability of the national payments ecosystem.
Comment letter attached re: National Bank Non-Interest Charges and Fees