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Latest News & Web Pages
Illinois once again delays controversial 'swipe fee' law
3+ hour, 13+ min ago (634+ words) SPRINGFIELD " Three years after Illinois lawmakers passed a bill ending "swipe fees" on taxes and tips, the state will be delaying implementing the bill another year. Senate Bill 3645 further delays the implementation of the Interchange Fee Prohibition Act, which was…...
Judge stops Illinois law banning some credit card fees from taking effect
11+ hour, 14+ min ago (493+ words) Financial institutions seeking to stop Illinois" novel law banning certain credit card fees notched wins in both the state legislature and federal court on Monday, after a federal judge issued a permanent injunction on the law in question. Opposing organizations…...
Ill. Swipe-Fee Law Blocked For Most Banks, Slated For Delay
17+ hour, 8+ min ago (48+ words) Law360 Try our Advanced Search for more refined results The Practice of Law Deep News & Analysis Law360 | The Practice of Law Law360 Authority | Deep News & Analysis Law360 Pulse | The Business of Law...
How Debit Card Users Subsidize Credit Card Rewards
22+ hour, 20+ min ago (405+ words) Say Good-Bye to the Payment Card Magnetic Stripe Every swipe of a rewards credit card generates perks for the cardholder, but researchers say the costs of those rewards are shared more broadly. Data from Harvard Business School found that credit…...
Vault: Illinois delays swipe fee law again
23+ hour, 21+ min ago (194+ words) Punchbowl News Vault: Illinois delays swipe fee law again Lawmakers in Illinois voted early Monday morning to delay the implementation of a law that would limit credit card swipe fees from being charged on tips and tax payments. State lawmakers…...
Illinois Delays Tax, Tip Swipe Fee Ban That Drew Banks" Lawsuit
18+ hour, 42+ min ago (123+ words) news. bloombergtax. com Illinois lawmakers delayed by another year a law banning the collection of "swipe fees" on retail taxes and tips as banks and credit unions seek to invalidate the statute in court. The state"s Interchange Fee Prohibition…...
Islanders targeted by fraudsters posing as bank security teams
1+ day, 5+ hour ago (240+ words) Islanders are being warned about a new scam in which fraudsters pretend to be bank staff or members of bank fraud teams. The Jersey Financial Services Commission said it has become aware of cold-calling scams targeting people in the island....
Springfield delays swipe fee law for second time
22+ hour, 16+ min ago (44+ words) after bankers push back Crain's Chicago Business Springfield delays swipe fee law for second time after bankers push back These 14 families wield influence across Chicago and Illinois through business, politics, philanthropy, sports and civic institutions....
Debit-card transactions have nearly halved in 2 years. Do you need the card anymore?
1+ day, 8+ hour ago (585+ words) For years, opening a bank account has meant getting a debit card, which serves as an access point for cash withdrawals, in-store shopping and online payments. But with UPI simplifying everyday payments, bank customers might be paying annual fees for…...
Bank Insider Steals $257, 594 From Customers, Claims She "Borrowed Money" She Knew Wouldn"t Be Needed at the Time: Report
1+ day, 9+ hour ago (287+ words) A former bank employee will spend the next six years behind bars after draining hundreds of thousands of dollars from customer accounts. Ex-First National Bank of Commerce employee and Pocahontas, Arkansas resident Heather Pankey pleaded guilty to theft of property,…...