Order Preempting the Illinois Interchange Fee Prohibition Act

Chime Financial, Inc., a financial technology company, supports the OCC's interim final order because it maintains uniformity in the national payment card system and protects the interchange-based revenue model that funds their products. They argue that the Illinois Interchange Fee Prohibition Act would create operational burdens, fragment the payment ecosystem, and potentially increase costs for consumers and small businesses.

L Gary, representing Wildwood Cotton Technologies, a farmer-owned business, supports the OCC's order preempting the Illinois Interchange Fee Prohibition Act. He argues that the state law would create a confusing patchwork of regulations, increase costs for businesses operating across state lines, and disrupt the stability of the national payments system.

Amber Gellar-Smith, owner of a small independent bookstore, opposes the OCC's order because it allows banks to continue charging interchange fees on sales tax and gratuities. She argues that these fees unfairly burden small businesses and that states should have the authority to protect local businesses from such practices.

The owner of Flyby Provisions, a small gift shop, supports the OCC's decision to preempt the Illinois Interchange Fee Prohibition Act. They argue that state-specific payment rules create unnecessary complexity and costs for small businesses that rely on consistent, national payment systems for e-commerce and local sales.

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.

EZ Stop Food Marts, a family-owned convenience retail business, opposes the OCC's interim final order because it preempts a state law intended to protect merchants from swipe fees on taxes and tips. The company argues that the order undermines efforts to reduce excessive fees set by card networks and instead provides a "green light" for banks to allow third-party companies to centrally fix fees.

The Petroleum & Convenience Marketers of Alabama (P&CMA), a state trade association, opposes the OCC's interim final order and rule. They argue that the order undermines efforts to reduce excessive swipe fees set by third-party companies and that the OCC lacks the jurisdiction to preempt state laws intended to protect merchants from fees on taxes and tips.

The New Jersey Energy Marketers Group, representing motor fuel retailers and related businesses, opposes the OCC's interim final order. They argue that the order undermines state efforts to protect merchants from swipe fees on taxes and tips, and they contend that the OCC lacks the jurisdiction to preempt such state laws.

The New York Association of Convenience Stores (NYACS) opposes the OCC's interim final order, arguing that it preempts a state law intended to protect merchants from swipe fees on taxes and tips. The organization contends that the order favors the Visa-Mastercard duopoly and undermines efforts to reduce excessive fees for small businesses.

The Minnesota Service Station & Convenience Store Association (MSSA) opposes the OCC's interim final order, arguing that it undermines state efforts to protect merchants from swipe fees on taxes and tips. They contend that the order gives a "green light" to non-bank card companies to fix fees and lacks the jurisdiction to preempt state laws intended to provide merchant relief.