Trump’s New Tariffs Could Strain Collection of Customs Fees
Importers will have to make changes to pay new tariffs on goods from Canada, Mexico and China, and government agencies will ...
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Industry expert says Illinois’ Interchange Fee Prohibition Act unworkable
(The Center Square) – As Illinois’ Interchange Fee Prohibition Act continues ... unfair for banks and credit card companies ...
Controversial swipe fee law in Illinois goes to court
A group of organizations, including the Illinois Bankers Association, asked a federal judge for an injunction blocking the ...
RealClearMarkets1mon
Interchange Fee Caps Will Reduce Credit for Those Who Need It
In the last four years both Congress and the Biden Administration tried to limit the interchange fees associated with credit cards in the name of protecting consumers. However, recent research ...
Kiplinger1y
The Fed Takes Aim At 'Swipe Fees'
Under the proposal, the interchange fee cap, or so-called "swipe fees," would decrease from 21 cents to 14.4 cents plus 0.04% of the transaction amount. That would mean, for example, that the ...
JD Supra22d
Illinois swipe fee injunction extended to cover out-of-state banks, but not federal credit unions
Effective July 1, 2025, IFPA prohibits the collection of debit and credit card interchange fees for sales taxes, excise taxes and gratuities if the merchant informs the acquiring bank of the ...
The Victoria Advocate1mon
Challenges to Illinois’ pending interchange law continue to play out in court
(The Center Square) – Illinois’ controversial Interchange Fee Prohibition Act has taken another turn in court. The law prohibits a credit card holder’s bank from charging or receiving ...
AOL13d
Industry expert says Illinois’ Interchange Fee Prohibition Act unworkable
(The Center Square) – As Illinois’ Interchange Fee Prohibition ... card companies to charge businesses swipe fees on sales taxes they collect for the state of Illinois and units of local ...