Illinois Bankers Association et al v. Raoul
Case Number:
1:24-cv-07307
Court:
Nature of Suit:
950 Constitutional - State Statute
Judge:
Firms
- Constantine Cannon
- Jones Day
- Lehotsky Keller
- Skadden Arps
- Sperling Kenny
- Sullivan & Cromwell
- Venable LLP
Companies
- American Bankers Association
- Bank Policy Institute
- Clearing House Payments Co. LLC
- Consumer Bankers Association
- Electronic Transactions Association
- Illinois Bankers Association
- Illinois Credit Union League Inc.
- Illinois Retail Merchants Association
- Retail Industry Leaders Association Inc.
Government Agencies
Sectors & Industries:
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October 03, 2024
OCC Backs Bid To Block 'Unworkable' Ill. Swipe Fee Law
The banking industry's bid to block a new Illinois law that bans swipe fees on tax and tip payments received a big boost from the Office of the Comptroller of the Currency, which has slammed the law for being an "ill-conceived" threat to the "efficient and effective" banking system.
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August 15, 2024
Banking Groups Sue To Thwart New Ill. Swipe Fee Restrictions
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."
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