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    S&C Memos

    Post-Cantero Decision Analyzing National Bank Act Preemption

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    December 26, 2024

    Court Holds Illinois Law Limiting Interchange Fees and Data Usage Is Likely Preempted by the National Bank Act

    A new federal court decision has applied the Supreme Court’s recent decision in Cantero v. Bank of America (2024) to hold that an Illinois law restricting card interchange fees and limiting data usage is preempted for national banks. This ruling could impact future federal court decisions on National Bank Act preemption.

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