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 ...
Tag: Debit cards
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 ...
Bill to restrict interchange fees clears Colorado Senate
The Colorado Senate narrowly passed legislation to prohibit the collection of interchange fees for sales taxes, with the bill modeled ...
OCC issues two interim final actions related to IFPA preemption
The OCC’s interim final order confirms that federal law preempts the IFPA, expressly providing that national banks and federal savings ...
ABA: Illinois interchange law will ‘wreak havoc’ on payment systems
If enforcement of an Illinois law restricting interchange fees is not prevented before July 1, it will upend the debit- ...
Beyond the swipe: Surfing the waves of change in the debit industry
Consumer preferences, emerging technology and merchant incentives have altered the debit market.
Colorado, Delaware advance bills to eliminate certain interchange fees
Proposed laws to ban the collection of interchange fees for certain payments have advanced in Colorado and Delaware even as ...
Survey: ‘Buy now pay later’ use continues to grow
Survey also found that while bank-branded BNPL remains a small fraction of the overall market, customer satisfaction with the offerings ...
How the Durbin Amendment hurt consumers — and why expanding it would hurt more
New research from a one-time Durbin defender shows debit card interchange fee caps distorted the payments ecosystem and failed to ...
Federal court partially upholds Illinois interchange fee law
A federal court in Illinois partially upheld a first-of-its-kind state law restricting interchange fees for debit and credit card payments, ...
