Joint Trades Statement on the Eighth Circuit’s Corner Post Decision

Washington, D.C. (Oct. 26, 2026) - The Independent Community Bankers of America, American Bankers Association, America's Credit Unions, Consumer Bankers Association, Electronic Payments Coalition, and the National Bankers Association issued the following joint statement in response to the U.S. Court of Appeals for the Eighth Circuit's Corner Post v. Board of Governors of the Federal Reserve System decision:

"We are deeply disappointed that the Eighth Circuit affirmed the district court's decision in the Corner Post case. The Durbin Amendment's government price controls have harmed consumers from the start by making it harder for banks to offer affordable banking services and valuable benefits. Today's decision threatens to compound that harm by preventing regulated interchange fees from reflecting the real costs banks incur to process transactions, prevent fraud and protect customer data.

"For more than a decade, corporate megastores have pocketed billions from the Durbin Amendment while ignoring promises to lower prices for consumers. Now, they want to pay even less for the very payment system they rely on every day, leaving banks, credit unions and consumers to shoulder the costs.

"It's important to remember that this decision is not the last word on these issues. Another federal appellate court is considering similar questions in the Linney's Pizza case, where the district court upheld the Federal Reserve's rule. We will continue advocating for an approach that protects consumers and preserves the safe and efficient debit card system they depend on."

About ICBA

The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation's community banks through effective advocacy, education, and innovation.

As local and trusted sources of credit, America's community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers' financial goals and dreams. For more information, visit ICBA's website at icba.org.

About the American Bankers Association

The American Bankers Association is the voice of the nation's $26.5 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.7 trillion in deposits and extend $13.9 trillion in loans.

About America's Credit Unions

America's Credit Unions is the unified voice for not-for-profit credit unions, representing more than 96% of the industry's assets and their more than 146 million members nationwide. America's Credit Unions provides strong advocacy, resources and services to advance, empower, and protect credit unions and the people and communities they serve. For more information about America's Credit Unions, visit AmericasCreditUnions.org.

About Consumer Bankers Association

The Consumer Bankers Association represents America's leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA's corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on X @consumerbankers.

About the Electronic Payments Coalition (EPC)

We are the credit unions, community banks, payment card networks, and institutions who support the backbone of our economic system: electronic payments. Learn more at electronicpaymentscoalition.org.

About National Bankers Association

Founded in 1927, the National Bankers Association champions minority depository institutions, advocating for mission-driven banks that serve underserved and low- to-moderate-income communities. Representing community banks across 43 states and territories, NBA promotes economic empowerment, capital access, and financial inclusion. Learn more at www.nationalbankers.org.