Web Reference: Mar 6, 2026 · For Illinois businesses, particularly those in the bustling retail, restaurant, and service sectors, a recent federal court decision has introduced a significant shift in how payment processing fees are handled. A U.S. District Judge in Chicago has upheld the Illinois Interchange Fee Prohibition Act, a landmark law that bans credit card "swipe fees" on tips and taxes. This ruling marks a ... Oct 24, 2025 · CHICAGO — A law that would make Illinois the first jurisdiction in the world to ban financial institutions from charging “interchange fees” on the tax and tip portions of debit and credit card transactions finally got its day in court this week nearly 18 months after its passage. U.S. District ... Feb 11, 2026 · A federal judge has upheld a first-of-its-kind Illinois law that protects consumers and retailers from paying so-called credit card “swipe fees” on taxes and tips. The Interchange Fee Prohibition Act was passed in late 2024 and immediately challenged by banks and credit unions. Illinois Bankers ...
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Last Updated: April 16, 2026

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