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950 Constitutional - State Statute | Illinois Northern
Minute
MINUTE entry before the Honorable Virginia M. Kendall. Plaintiffs' Request for expedited Oral Argument 220 is denied. The Court will rule on the pleadings. Mailed notice (lk, ) (Entered: 06/01/2026)
Constitutional - State Statute | Illinois Northern
Order
MEMORANDUM Opinion and Order signed by the Honorable Virginia M. Kendall on 6/1/2026. Illinois Bankers' motion for summary judgment [Dkt. 123] remains granted in part, and the Attorney General's cross-motion for summary judgment [Dkt. 136 ] also remains granted in part. The Court grants Plaintiffs' request for a permanent injunction preventing Illinois from enforcing the IFPA's Interchange Fee Limitation against (1) national banks; (2) banks chartered by states other than Illinois that are subject to Riegle-Neal, 12 U.S.C. § 1831a(j) (1); (3) federal savings associations; and (4) Payment Card Networks. This ruling should be read in accordance with the Court's February Ruling for a full assessment of the iss ues at hand. For example, the Court's determination that the Interchange Fee Limitation is not preempted as to other entities-such as federal credit unionsremains as laid out therein. Further, the February Ruling's entire assessment on the Data Usage Limitation still stands in full. That means the Data Usage Limitation is preempted or invalid as to: (1) national banks; (2) banks chartered by states other than Illinois, see 12 U.S.C. § 1831a(j)(1); (3) federal savings associations; (4) federal credit unions; and (5) other entities participating in an electronic payment transaction, such as Payment Card Networks and processors, to the extent they are carrying out the functions that facilitate the powers of any of the foregoing entities implicated by the Data Usage Limitation. Please refer to Opinion for further details. Mailed notice(lk, )
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