NCUA: Preemption – Federal Credit Union Non-Interest Charges and Fees (July 9, 2026)

FMI – The Food Industry Association welcomes the opportunity to comment on the National Credit Union Administration (NCUA) interim final rule on Preemption – Federal Credit Union Non-Interest Charges and Fees, Docket Number NCUA-2026-1189 (“IFR” or “rule”). FMI strongly opposes the issuance of the IFR for several reasons. This IFR appears to embrace collusive and anticompetitive fee fixing through third party companies, undermines President Trump’s endorsement of swipe fee reform and affordability agenda to lower costs for consumers and businesses, and was issued through a deeply flawed and improper process. Accordingly, we urge that this IFR be rescinded.