WASHINGTON, April 29 -- Office of the Comptroller of the Currency has issued a rule called: National Bank Non-Interest Charges and Fees.
The rule was published in the Federal Register on April 29 by Katherine S. Tyrrell, First Deputy Comptroller of the Currency.
Summary: The OCC is adopting an interim final rule to clarify that national banks' power to charge non-interest charges and fees includes the power to assess, collect, impose, levy, receive, reserve, take, or otherwise obtain non-interest charges and fees, including interchange fees from credit and debit card operations. Further, the interim final rule explains that national banks may charge non-interest charges or fees, even when such charges and fees are set by or in consultatio...