Pathward, N.A.
Pathward, N.A.SupportBusiness
Summary: Pathward, N.A., a federally supervised national bank, supports the OCC's interim final order preempting the Illinois Interchange Fee Prohibition Act (IFPA). The company argues that the IFPA creates unworkable operational hurdles for nationally integrated payment systems, poses significant risks to fraud prevention and BSA/AML compliance due to data restrictions, and threatens to create a destabilizing patchwork of inconsistent state laws.
See attached file(s)