Colorado governor vetoes bill to restrict interchange fees
Colorado Gov. Jared Polis vetoed legislation to prohibit the collection of interchange fees for sales taxes, saying it presented too ...
Tag: Credit cards
Court rules federal law preempts Illinois interchange law
A federal court ruled that an Illinois law restricting the collection of interchange fees is preempted by federal law for ...
ABA, associations reaffirm support for federal preemption of Illinois interchange law
ABA joined other national associations and state bankers associations in submitting a trio of letters expressing their support for recent ...
ABA, plaintiffs ask court to quickly issue Illinois interchange fee decision on remand
ABA and other plaintiffs are asking a federal court to issue a decision by next week in a lawsuit seeking ...
OCC: Court should reverse Illinois interchange fee decision
The OCC is urging a federal court to reverse its decision upholding Illinois restrictions on interchange fees in light of ...
ABA, plaintiffs urge court to overturn Illinois interchange fee law
Recent actions by the OCC make clear that federal law preempts an Illinois law restricting interchange fees, so a federal ...
Fed survey: Unbanked rate little changed in 2025
Roughly 6% of U.S. adults were unbanked last year, a figure that has held steady since 2021. The Fed survey ...
New York Fed: Household debt holds at $18.8T in Q1
Household debt increased by $18 billion, or just 0.1%, to hold steady at $18.8 trillion in the first quarter of ...
Seventh Circuit sends Illinois interchange litigation back to district court
ABA and other financial trade groups welcomed the opportunity to resume their legal challenge to IFPA in district court, arguing ...
Colorado legislature sends state-level interchange bill to governor
The Colorado bill is similar to the Illinois Interchange Fee Prohibition Act, or IFPA, which bans banks, payment networks and ...
