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Latest News & Web Pages
Here's What Happens When You Use a Debit Card for a Hotel Deposit
1+ week, 12+ hour ago (492+ words) When you check into a hotel, they're going to ask for a card to cover incidentals. Hand over a credit card and the hold sits against your available credit. Hand over a debit card and the hotel just locked down…...
WSF to add 3% surcharge on credit, debit card fares starting Sunday
1+ mon, 2+ week ago (80+ words) The agency says the cost recovery surcharge will apply to all tickets purchased with a credit or debit card. WSF to add 3% surcharge on credit, debit card fares starting Sunday To stream KING 5 on your phone, you need the KING…...
Illinois law banning swipe fees on tips, taxes upheld
1+ mon, 3+ week ago (73+ words) Add Yahoo as a preferred source to see more of our stories on Google. A federal judge is ruling to keep a first-of-its-kind law on the books in Illinois. It prohibits banks and credit card companies. .. A federal judge is…...
Illinois Statute's Landmark Curbs on Credit Card Swipe Fees Survives Lawsuit
2+ mon, 1+ week ago (152+ words) "It's kind of a safety net in case there is a mistake," plaintiff-appellant counsel told Law. com. "If you're reading the tea leaves, it's a meaningful leaf," said Elizabeth Goldberg, a partner at Morgan, Lewis & Bockius. Bankruptcy Judge David Jones…...
In a blow to the banks, Illinois" pioneering swipe fee law survives first legal challenge
2+ mon, 1+ week ago (969+ words) CHICAGO (Capitol News Illinois) " A first-in-the-nation law that would prohibit banks and credit card companies from charging swipe fees on tips and taxes survived a major hurdle in court Tuesday, but opponents vow it will not be the last challenge....
Illinois credit card law sparks fierce battle between banks and retailers
3+ week, 1+ day ago (576+ words) An advertisement about credit and debit cards in Illinois is getting significant airtime right now, leaving viewers wondering what to believe. NBC Chicago's Rose Schmidt reports. Illinois retailers said the advertisement is a scare tactic, but banks and credit unions…...
OCC moves to block Illinois ban on swipe fees on taxes, tips
2+ day, 2+ hour ago (554+ words) The Office of the Comptroller of the Currency this week sent a draft rule to the Office of Management and Budget that would preempt an Illinois state law banning the collection of interchange fees on taxes and tips. A notice…...
Illinois" ban on card swipe fees faces new push back amid concerns about its July 1 rollout
13+ hour, 59+ min ago (678+ words) PEORIA (25 News Now) - Consumers could face confusion this summer when paying with credit or debit cards, as a new Illinois law aims to eliminate certain card swipe fees. The Interchange Fee Prohibition Act is set to take effect July 1, banning…...
Banks appeal ruling that upheld Illinois swipe fee ban
1+ mon, 3+ week ago (568+ words) In the latest battle over an Illinois law that bans certain "swipe" fees, lenders have appealed a court ruling that largely left the law standing. That law, the Illinois Interchange Fee Prohibition Act, prohibits interchange fees on the tax or…...
Illinois judge rules in favor of swipe-fee ban on sales tax and tips
2+ mon, 1+ week ago (887+ words) "This is a close case," Kendall wrote. "That is true in part because the law it addresses is novel. The Parties have indicated that no other State has an equivalent to the [Interchange Fee Prohibition Act,] and thus no precedent…...