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Letter to the Editor: Well-intentioned legislation would likely hurt small businesses in Illinois

Summary by Illinois Business Journal
By LaDONNA RAEH Small Business Owner Raeh Consulting, South Holland As a small business owner in Illinois, I am deeply concerned about the impending implementation of the Interchange Fee Prohibition Act (IFPA), set to take effect on July 1, 2025. While the intention to reduce costs for merchants is commendable, the practical implications of this legislation pose significant challenges for small businesses, workers, and consumers alike. The IFPA …
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Illinois Business Journal broke the news in on Tuesday, May 20, 2025.
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