PNC Financial Services Group, Inc.
The PNC Financial Services Group, Inc.SupportBusiness
Summary: PNC Financial Services Group, Inc. supports the OCC's interim final order and rule, arguing that the Illinois Interchange Fee Prohibition Act (IFPA) significantly interferes with national banking powers. The bank contends that the IFPA would impose unprecedented operational burdens, create fraud risks, and destabilize the national payments system by creating a patchwork of state laws.
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