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  1. Lawmakers in Colorado and Illinois sought to limit card transaction charges on June 22, 2026.

Federal Court Expands Injunction on Interchange Fees in Northern District of Illinois

1 report, 1 independent Updated Sep 22
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What happened

Some supportReported by 1 outlet

A federal court ruling has expanded an injunction that exempts banks and payment networks from a specific measure. The ruling, issued by the Chief Judge of the U.S. District Court for the Northern District of Illinois, added federal credit unions to the entities affected by the measure. The ongoing lawsuit centers on the Illinois Interchange Fee Prohibition Act, which sought to ban firms from charging swipe fees on sales tax and gratuity portions of charges.

From americanbanker.com

Why it matters

Some supportBrind's analysis of the reports

The National Credit Union Administration asserted exclusive authority over interchange fees for federal credit unions. This ruling aligns federal credit unions with the financial entities discussed in the original June Ruling regarding the fee limitations.

Lawmakers in Colorado and Illinois sought to limit card transaction charges on June 22, 2026.

From americanbanker.com

Who's involved

  • Visa Inc.Global payment network leader involved in the lawsuit regarding interchange fees.
  • MastercardGlobal payment network leader involved in the lawsuit regarding interchange fees.
  • IllinoisState whose fee limitation law is central to the ongoing legal challenge.
  • National Credit Union AdministrationIndependent federal agency whose authority over interchange fees is being tested.

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Lawmakers in Colorado and Illinois sought to limit card transaction charges on June 22, 2026. All 1 developments

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Coverage

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