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Payments News Update – June 20, 2025 - Constantine Cannon

Summary by Constantine Cannon
Legal and Regulatory Developments SPOTLIGHT: Illinois Delays Interchange Fee Law Payments Dive – June 17, 2025 Illinois Gov. JB Pritzker has delayed implementation of the Illinois Fee Prohibition Act, a first-in-the-nation law that aims to ban card issuers and their networks from charging merchants interchange fees on taxes and tips when consumers pay with credit and debit cards. Pritzker, a Democrat, signed an amendment Monday after the legisla…
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Constantine CannonConstantine Cannon

Payments News Update – June 20, 2025 - Constantine Cannon

Legal and Regulatory Developments SPOTLIGHT: Illinois Delays Interchange Fee Law Payments Dive – June 17, 2025 Illinois Gov. JB Pritzker has delayed implementation of the Illinois Fee Prohibition Act, a first-in-the-nation law that aims to ban card issuers and their networks from charging merchants interchange fees on taxes and tips when consumers pay with credit and debit cards. Pritzker, a Democrat, signed an amendment Monday after the legisla…

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Constantine Cannon broke the news in on Friday, June 20, 2025.
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