After a federal judge allowed a new state law to ban interchange fees on taxes and tips, a coalition of banks and credit ...

A U.S. District Court Judge based in Chicago’s Northern District validated the key elements of a new law passed by Illinois ...

A federal judge has upheld a first-of-its-kind Illinois law that protects consumers and retailers from paying credit card ...

Merchant groups led by major retailers are seeking greater involvement in the long running U.S. interchange fee settlement ...

WASHINGTON, D.C. — A challenge to the Illinois Interchange Fee Prohibition Act (IFPA) failed on Feb. 10 when U.S. District ...

CHICAGO — A first-in-the-nation law that would prohibit banks and credit card companies from charging swipe fees on tips and ...

Retailers are celebrating a “big win” following the latest Competition Appeal Tribunal (CAT) ruling in the long-running dispute over the fees set by Mastercard and Visa in relation to accepting card ...

The law prohibits card networks from charging interchange fees — commonly called swipe fees — on the sales tax and tip portions of transactions. The payments industry says the ruling threatens ...

The law will take effect July 1, providing businesses relief on portions of transactions they do not keep as revenue ...