Pritzker Signs Swipe Fee Ban Amid Intense Court Battle Between Banks, Retailers

Pritzker signs swipe fee ban amid intense court battle between banks, retailers

Gov. JB Pritzker signed a bill into law Monday delaying the Illinois ban on swipe fees for another year.

Illinois delays interchange fee law

Gov. JB Pritzker has signed a bill that delays implementation of a controversial new law that would bar interchange fees on taxes and tips in Illinois.

Governor Pritzker Signs Bill Delaying Illinois Interchange Fee Ban - Mahomet Daily

Governor J.B. Pritzker has signed a measure that delays the implementation of Illinois’ Interchange Fee Prohibition Act (IFPA) by one year into law, pushing its effective date to July 1, 2026. The bill aims to provide additional time for legal challenges and industry adjustments before the law takes effect. The IFPA is the first law of its kind in the United States. It prohibits financial institutions, payment networks, and related entities from…

Illinois interchange law delayed, but risks for banks remain

Democratic Illinois Gov. J.B. Pritzker singed a bill delaying the implementation of the state's ban on charging swipe fees for taxes and tips until 2026, but banks remain alarmed by the effort which they say is costly and unworkable.