Banking Groups Sue To Thwart New Ill. Swipe Fee Restrictions <https://www.law360.com/banking/articles/1870428?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-08-16&read_main=1&nlsidx=0&nlaidx=0>
By Jon Hill The nation's largest bank trade association and other industry groups sued Thursday to block Illinois from implementing a new state law that prohibits financial intermediaries from charging so-called swipe fees on the sales tax and tip portions of payment card transactions, arguing it conflicts with federal law and risks broader "chaos." Complaint attached | Read full article » <https://www.law360.com/banking/articles/1870428?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-08-16&read_more=1&nlsidx=0&nlaidx=0> | Save to favorites » <https://www.law360.com/banking/articles/1870428?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-08-16&read_later=1&nlsidx=0&nlaidx=0>
