American Financial Services Association
American Financial Services Association (AFSA)SupportTrade association
Summary: The American Financial Services Association (AFSA) supports the OCC's order preempting the Illinois Interchange Fee Prohibition Act. They argue that the state law is technically unworkable, would cause costly fragmentation of the national payments system, and undermines the uniform standards necessary for banking integrity.
On behalf of the American Financial Services Assocation, please see the attached comment letter.