Preliminary court ruling on Visa/Mastercard swipe fees is bad deal for retailers and consumers
U.S. District Judge Brian Cogan on Tuesday gave preliminary approval to the proposal.
Merchants Payments Coalition
Swipe Fee Law delay will cost Illinois consumers and businesses $500 Million
The developments in Illinois come as Colorado legislation that would ban swipe fees on sales tax is awaiting the signature of Gov Jared Polis.
Merchants say OCC rule blocking Illinois ‘swipe’ fee Law contradicts President Trump and endorses price fixing
Today’s announcement by the OCC comes three months after Trump endorsed the Credit Card Competition Act, saying it is needed “to stop the out of control Swipe Fee ripoff.”