1+ hour, 59+ min ago  (651+ words) Illinois is on its way to become the second state with a law governing the buy now/pay later industry. Both consumer advocacy and industry groups say it needs more work." The law covers closed-end credit provided to a customer…...

4+ week, 1+ day ago  (401+ words) WASHINGTON " The National Credit Union Administration Tuesday submitted a rule asserting that federal law preempts an Illinois statute banning the collection of interchange fees on taxes and tips. The rule, sent to the Office of Management and Budget's Office of…...

1+ mon, 1+ week ago  (634+ words) A circuit judge on Friday ruled in favor of sending the banking industry's lawsuit attempting to block the Illinois Interchange Fee Prohibition Act back to a district court in Illinois for further proceedings. Absent further rulings, the law is set…...

1+ mon, 2+ week ago  (675+ words) Critics of interchange fees say payment systems are opaque, making it impossible to know what interchange fees are charged on any given transaction. The Illinois Interchange Fee Prohibition Act, signed into law by Governor J. B. Pritzker in 2024, would bar banks and…...