Illinois Senator Dick Durbin is refuting claims by plaintiffs in the Illinois interchange lawsuit that federal banking laws, such as the Durbin Amendment, supersede state laws. The latest back-and-forth is part of an unfolding lawsuit challenging the Illinois Interchange Fee Prohibition Act. In an amicus brief filed late Friday, Durbin …
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Retailer Groups Voice Ill. Interchange Law Support; The Real-Time Payments Countdown; Plus Weekly Recap
Illinois’s Interchange Lawsuit Wins National Prominence As More Retail Organizations Voice Support
The national legal battle over an Illinois interchange law continues to broaden in scope. Several national organizations representing merchants are expected to file amicus briefs with the United States District Court for the Northern District of Illinois Friday in support of the Illinois Interchange Fee Prohibition Act. The briefs are …
Read More »Plot Thickens over Ill. Interchange Law; Visa, Swift Each in Digital Tests; Priority’s Bill Pay Change
The Plot Thickens Over the Legal Challenge To Illinois’s Interchange Law
The battle over the Illinois Interchange Fee Prohibition Act has taken a huge new turn. Early Thursday, the Illinois Attorney General’s Office filed a motion with the United States District Court for the Northern District of Illinois’s Eastern Division challenging an Amicus brief from the Office of the Comptroller of …
Read More »Back and Forth on Illinois Interchange Law; Lightspeed Mulls Its Next Move; Visa Snags Featurespace
Consumers Strongly Support Illinois Interchange Law, Proponents Say
The Illinois Retail Merchants Association released a survey late Wednesday showing that voters in the state support the Illinois Interchange Fee Prohibition Act passed earlier this year. The survey comes hard on the heels of a lawsuit filed last month by several organizations representing banks and credit unions challenging the …
Read More »Controversy Around Illinois’s Interchange Law; DailyPay’s Savings Feature; Card91’s Digital Prepaid Card
The Electronic Payments Coalition Weighs in on a Lawsuit Challenging Illinois’s Interchange Law
The Electronic Payments Coalition late Wednesday filed an Amicus brief on behalf of the plaintiffs in a lawsuit challenging the Illinois Interchange Fee Prohibition Act. The lawsuit, brought by Illinois Bankers Association, Illinois Credit Union League, American Bankers Association, and America’s Credit Unions and filed last month in the United …
Read More »Lenders Bring Suit Against Illinois’s Newly Enacted Interchange Law
Several organizations representing banks and credit unions filed a lawsuit late Thursday challenging Illinois’s Interchange Fee Prohibition Act, which was signed into law June 7. The lawsuit, filed in United States District Court for the Northern District of Illinois, was brought by the Illinois Bankers Association, The American Bankers Association, …
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