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News
Illinois Regulation of Digital Asset Kiosks
11+ mon, 5+ day ago (193+ words) In addition to the recent Illinois Digital Assets and Consumer Protection Act, covered in a previous article, Illinois recently passed digital asset legislation aimed at protecting consumers against scams and fraud when utilizing digital asset kiosks. Specifically, the Illinois Digital…...
Recent Amendments to the Illinois Banking Act
11+ mon, 2+ week ago (622+ words) Recently, Illinois amended several provisions of its banking laws (HB3467). These changes were supported by the Illinois banking community and are intended to harmonize Illinois Banking Act and Illinois Savings Bank Act. While many of the changes are non-substantive updates or…...
Kentucky Federal Court Upholds Federal Reserve’s Debit-Card Fee Cap
11+ mon, 3+ week ago (639+ words) On September 12, the U.S. District Court for the Eastern District of Kentucky upheld the Federal Reserve Board’s Regulation II cap on debit-card interchange fees, rejecting a merchant’s Administrative Procedure Act challenge. The court concluded the rule is neither “contrary to law…...