ABA: Illinois Interchange Law Will ‘Wreck Havoc’ on Payment Systems
ABA Banking Journal
"If enforcement of an Illinois law restricting interchange fees is not prevented before July 1, it will upend the debit- and credit-card operations of federally chartered financial institutions and wreak havoc on the national payment-processing system, the American Bankers Association, Illinois Bankers Association and other plaintiffs told a federal appeals court."
