Bank and Credit Union Groups Join Forces to Challenge New Illinois Law Restricting Interchange Fees
August 16, 2024
August 16, 2024
WASHINGTON, Aug. 16 -- The American Bankers Association issued the following news release on Aug. 15, 2024:
The American Bankers Association today joined the Illinois Bankers Association, America's Credit Unions and the Illinois Credit Union League in filing a complaint in the U.S. District Court for the Northern District of Illinois challenging the Illinois Interchange Fee Prohibition Act (IFPA). The IFPA, which was signed into law on June 7, would ban banks, payment networks and o . . .
The American Bankers Association today joined the Illinois Bankers Association, America's Credit Unions and the Illinois Credit Union League in filing a complaint in the U.S. District Court for the Northern District of Illinois challenging the Illinois Interchange Fee Prohibition Act (IFPA). The IFPA, which was signed into law on June 7, would ban banks, payment networks and o . . .