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Judge denies wider injunction on Illinois fee ban
A federal judge on Thursday declined to issue an injunction to stop an Illinois law that bans certain credit card fees from ...
NerdWallet1d
Credit Card Processing Fees: What Small Businesses Should Know in 2025
Processing fees for credit cards are distributed to the card’s issuing bank (interchange fee), the credit card network (assessment fee) and the processor that facilitates the payments process ...
JD Supra4d
Illinois ‘Swipe Fee’ Law Faces Continued Pushback as Court Partially Extends Injunction
On February 6, 2025, the U.S. District Court of the Northern District of Illinois declined to issue a preliminary injunction to stop an ...
Journal-Courier4d
Illinois judge declines to extend ‘swipe fee’ injunction to credit card companies
A federal judge declined to stop an Illinois law banning credit card fees on tax and tip portions of transactions, effective ...
KONA7d
Washington, Maryland lawmakers propose banning credit card swipe fees on sales taxes
State lawmakers in Washington and Maryland are following the lead of Illinois in proposing legislation to ban credit card ...
Challenges to Illinois’ pending interchange law continue to play out in court
Illinois’ controversial Interchange Fee Prohibition Act has taken another turn in court. The law prohibits a credit card ...
Federal Laws Also Preempt State's Swipe Fee Law on Out-of-State Banks, Judge Rules
"The statute’s plain language clearly suggests that § 1831a(j)(1) is meant to ensure that out-of-state state banks can compete with nationally chartered banks. This means that because the court ...
Digital Transactions7d
Judge Grants More Banks Relief from Illinois Interchange Law, But Stops Short of Going All the Way
U.S. District Court Judge Virginia Kendell extended the injunction against Illinois’s pending interchange law late Thursday ...
wglt7d
Judge declines to extend ‘swipe fee’ injunction to credit unions, applies it to out-of-state banks
Court had previously granted injunction to national banks, denied it for Illinois banks, credit card companies ...
Put A Lid On It: The Sanders-Hawley Bill Wants To Cap Credit Card Rates. Here’s What You Need To Know
A political odd couple is joining forces to lower credit card interest rates. Sen. Bernie Sanders (I-Vt.) and Sen. Josh ...