On January 16, 2025, Representative Andy Barr (R-KY) introduced a bill aimed at increasing the formation of new banks by easing regulatory requirements, particularly for de novo and rural financial institutions. The...more
The Interchange Fee Prohibition Act (IFPA), signed into law in June of 2024 by Illinois Governor J.B. Pritzker, prohibits banks, savings associations, credit union, and others from receiving or charging an interchange fee on...more
8/21/2024
/ American Bankers Association ,
Banks ,
Consumer Fraud ,
Credit Unions ,
Debit and Credit Card Transactions ,
Debit Cards ,
Electronic Payment Transactions ,
Financial Services Industry ,
Governor Pritzker ,
Interchange Fees ,
Tips ,
Unfair or Deceptive Trade Practices