Merchants Sue Feds over Illinois Card Fee Law
The groups say federal regulators bypassed required procedures and blocked a law that could save Illinois merchants and customers about $500 million a year.
6 Articles
6 Articles
Retailers sue federal regulators in latest drama over Illinois' credit card swipe fee law
Retail groups sued two federal regulators on Thursday, hoping to revive Illinois’ embattled efforts to ban certain credit card interchange fees, also known as “swipe fees.”
Retailers sue federal regulators in latest drama over Illinois’ credit card swipe fee law
Two suits filed in Washington target rules from the OCC and the National Credit Union Administration that led a judge to block Illinois’ ban on card fees charged on sales tax and tips.
Retailers file lawsuit against OCC, NCUA swipe fee rule
Merchant groups have filed suit against the Office of the Comptroller of the Currency and National Credit Union Administration, saying the agencies exceeded their authority in exempting banks and credit unions from Illinois’ interchange fee law.
Merchants File Lawsuits Challenging ‘Slapdash’ OCC and NCUA Rules Endorsing ‘Collusive’ Credit Card Fees
Washington, D.C. – A group of merchant trade associations today filed a pair of lawsuits challenging actions taken by the Office of the Comptroller of the Currency and the National […]
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