News
Illinois law banning swipe fees on tips, taxes upheld
1+ mon, 3+ week ago (73+ words) Add Yahoo as a preferred source to see more of our stories on Google. A federal judge is ruling to keep a first-of-its-kind law on the books in Illinois. It prohibits banks and credit card companies. .. A federal judge is…...
Illinois Statute's Landmark Curbs on Credit Card Swipe Fees Survives Lawsuit
2+ mon, 6+ day ago (152+ words) "It's kind of a safety net in case there is a mistake," plaintiff-appellant counsel told Law. com. "If you're reading the tea leaves, it's a meaningful leaf," said Elizabeth Goldberg, a partner at Morgan, Lewis & Bockius. Bankruptcy Judge David Jones…...
In a blow to the banks, Illinois" pioneering swipe fee law survives first legal challenge
2+ mon, 6+ day ago (969+ words) CHICAGO (Capitol News Illinois) " A first-in-the-nation law that would prohibit banks and credit card companies from charging swipe fees on tips and taxes survived a major hurdle in court Tuesday, but opponents vow it will not be the last challenge....
Illinois credit card law sparks fierce battle between banks and retailers
3+ week, 1+ day ago (576+ words) An advertisement about credit and debit cards in Illinois is getting significant airtime right now, leaving viewers wondering what to believe. NBC Chicago's Rose Schmidt reports. Illinois retailers said the advertisement is a scare tactic, but banks and credit unions…...
OCC moves to block Illinois ban on swipe fees on taxes, tips
1+ day, 12+ hour ago (554+ words) The Office of the Comptroller of the Currency this week sent a draft rule to the Office of Management and Budget that would preempt an Illinois state law banning the collection of interchange fees on taxes and tips. A notice…...
Banks appeal ruling that upheld Illinois swipe fee ban
1+ mon, 3+ week ago (568+ words) In the latest battle over an Illinois law that bans certain "swipe" fees, lenders have appealed a court ruling that largely left the law standing. That law, the Illinois Interchange Fee Prohibition Act, prohibits interchange fees on the tax or…...
Illinois judge rules in favor of swipe-fee ban on sales tax and tips
2+ mon, 1+ week ago (887+ words) "This is a close case," Kendall wrote. "That is true in part because the law it addresses is novel. The Parties have indicated that no other State has an equivalent to the [Interchange Fee Prohibition Act,] and thus no precedent…...
When Cash Disappears, So Does Something Else
2+ mon, 21+ hour ago (404+ words) Authored by Mollie Engelhart via The Epoch Times, Last Sunday, I held a book signing at Pearl in San Antonio, the kind of place magazines love to feature. Old brick buildings have been transformed into beautiful restaurants, boutiques, apartments, and…...
Debit cards with $100's of millions expire April 30. Check your junk drawers now
1+ day, 2+ hour ago (562+ words) Millions of debit cards that the state or California gave consumers in 2022 are set to expire April 30 " with hundreds of millions of dollars still loaded on them, state records show. Chris Chmura reports. But even if you find your Middle…...
Inflation relief debit cards with unclaimed funds set to expire April 30th
2+ day, 7+ hour ago (127+ words) If you still have an inflation relief debit card from a few years ago, you might want to use it or lose it. In 2022, California issued $9 billion in direct payments that were sent to nearly 32 million Californians under the Middle…...