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OCC seeks to halt Illinois card interchange fee law

Payments Dive

The Office of the Comptroller of the Currency blasted an Illinois law that prohibits credit and debit card interchange fees on tips and excise taxes.

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Illinois should abandon interchange law

Payments Dive

Illinois has made a hasty decision that, if implemented, would have government change our payments system that functions so well that we barely notice it,” writes a trade group CEO.

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Durbin jumps into Illinois interchange law fray

Payments Dive

Dick Durbin threw his weight behind an Illinois law that would nix interchange fees on taxes and tips, supporting the edict in a court document filed Friday.

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Revolut hit with biometric ID class action in Illinois

Payments Dive

Several tech companies have been hit with lawsuits under Illinois' Biometric Information Privacy Act in recent years.

Illinois 195
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Illinois heads toward landmark card interchange fee restrictions

Payments Dive

The state may become the first in the nation to outlaw the imposition of credit and debit card interchange fees on state excise tax and tips.

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Old National in Illinois to buy Bremer Financial

ABA Community Banking

Old National Bancorp in Evansville, Illinois, has agreed to buy Bremer Financial in St. The post Old National in Illinois to buy Bremer Financial appeared first on ABA Banking Journal. Paul, Minnesota.

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X lands money licenses in Illinois, New Mexico

Payments Dive

The social media platform is now nearly halfway to securing the state licenses needed to fulfill owner Elon Musk’s vision of a nationwide payments app.