Federal Register #2026-11559

NCUA Interim Final Rule on Federal Credit Union Non-Interest Charges and Fees

This regulatory notice from the National Credit Union Administration (NCUA) clarifies rules for federal credit unions (FCUs) regarding non-interest charges and fees: - NCUA affirms FCUs' authority to assess, collect, impose, and receive non-interest charges and fees, including interchange fees from credit and debit card operations - FCUs may charge these fees even when set by or in consultation with third parties - Card networks such as Visa and Mastercard are highlighted as examples of third-party networks contracted by FCUs to facilitate payment card transactions - The rule consolidates and clarifies NCUA's preemption rules, emphasizing NCUA's exclusive regulatory authority over FCUs in this area - No procurement of products or services is being requested; this is a regulatory clarification - Public comment is invited on the interim final rule

Description

The National Credit Union Administration (NCUA) Board is adopting an interim final rule to clarify federal credit unions' authority to charge non-interest charges and fees, including interchange fees from credit and debit card operations. The rule states that federal credit unions may charge such fees even when set by or in consultation with third parties. The interim final rule consolidates and clarifies NCUA's preemption rules regarding these fees and invites public comments. The rule is effective June 30, 2026, with comments due by July 9, 2026.

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