The PNC Financial Services Group, Inc.

Summary: PNC Financial Services Group, Inc. supports the OCC's interim final order and rule because they argue that the Illinois Interchange Fee Prohibition Act (IFPA) significantly interferes with national banking powers and imposes "unprecedented" operational burdens on banks. The bank contends that the IFPA would reduce revenue for essential services like fraud detection and rewards programs, and that federal preemption is necessary to maintain a uniform and stable national payments system.