OCC Chief Looks to Bolster Banks in Interchange Case

Also, Bowman talks Basel and other pending rules; ICI pushes to change dividend tax treatment for mutual funds

As banks pursue a federal appeals court challenge to an Illinois law that is set to ban swipe fees on taxes and tips, Comptroller Jonathan Gould is taking matters into his own hands. The OCC chief this week signaled that he intends to issue a pair of regulatory actions to preempt the state’s statute – and potentially deter other jurisdictions from tryin…