On June 1, the Illinois General Assembly passed a bill that, if enacted, will delay the effective date of the Interchange Fee Prohibition Act by one year, from July 1, 2025, to July 1, 2026. The ...

(The Center Square) – Banking groups are applauding the news that Illinois’ controversial Interchange Fee Prohibition Act is being placed on the back burner for a year. The law would prohibit ...

An Illinois law banning swipe fees was set to take effect July 1. Yet, lawmakers decided to pass a bill in the final hours of session to delay implementation of ...

Illinois lawmakers have decided to delay a ban on “swipe fees” for another year as bankers are locked in a court battle with the state over the ban.

Good afternoon, Chicago. Illinois legislators voted to delay for one year a ban on certain credit card fees that was set to take effect July 1 amid a legal challenge by banks. A measure passed by ...

Good afternoon, Chicago. Illinois legislators voted to delay for one year a ban on certain credit card fees that was set to take effect July 1 amid a legal challenge by banks.

Illinois lawmakers delayed the implementation of a bill eliminating credit card fees on tips and taxes until July 2026.

Illinois legislators voted to delay for one year a ban on certain credit card fees that was set to take effect July 1 amid a legal challenge by banks.

The law would prohibit interchange fees from being charged on portions of credit and debit card transactions that include taxes and gratuities.

Illinois lawmakers voted to delay the implementation of a bill that would end fees on every tip and tax swiped by a debit card or credit card in the state. Charting new territory the bill, HB 4951, or ...