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Industry expert says Illinois’ Interchange Fee Prohibition Act unworkable - Illinois - The Black Chronicle

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(The Center Square) – As Illinois’ Interchange Fee Prohibition Act continues to play out in court, an industry expert says the law doesn’t make any sense. The state law prohibits a credit card holder’s bank from charging or receiving interchange fees on portions of transactions, including taxes and gratuities. A judge recently ruled that financial […]

The post Industry expert says Illinois’ Interchange Fee Prohibition Act unworkable appeared first on The Black Chronicle.

Source: The Black Chronicle

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