National Lumber and Building Material Dealers Association
National Lumber and Building Material Dealers AssociationOpposeTrade association
Summary: The National Lumber and Building Material Dealers Association (NLBMDA) opposes the OCC's Interim Final Order, arguing that it unfairly protects the revenue of payment networks and card issuers at the expense of small and mid-sized merchants. They contend that the Illinois Interchange Fee Prohibition Act (IFPA) is a valid state law that addresses the "indefensible inequity" of charging swipe fees on taxes and gratuities, which are not merchant revenue.
On behalf of the National Lumber and Building Material Dealers Association, please find attached NLBMDA’s comments in response to the Office of the Comptroller of the Currency’s Interim Final Order preempting the Illinois Interchange Fee Prohibition Act.