Mitchell Newmark

Mitchell Newmark

Blank Rome LLP

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Illinois Loses First Shot at Interchange Fees on State and Local Taxes

Illinois enacted a law that prohibits a credit card holder’s bank from charging or receiving interchange fees on the portions of transactions that include Illinois state or local taxes and gratuities, in effect starting July...more

1/24/2025  /  Antitrust Provisions , Banking Sector , Competition , Constitutional Challenges , Dormant Commerce Clause , Financial Institutions , Interchange Fees , Preemption , Preliminary Injunctions
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