Battle brewing over banning swipe fees on sales taxes, tips
WEB2 days ago — Banking and credit union groups have filed a lawsuit against the state of Illinois, seeking to block the ban on applying interchange fees to sales taxes and tips.
Key Federal Regulator Wants Illinois Swipe Fee Limits Tossed (1)
WEB1 day ago — A new Illinois law banning the collection of swipe fees on taxes and tips has the potential to “erode” the payments infrastructure and should be thrown out, a key federal banking regulator said.
U.S. supports banks suing Illinois over change to swipe fees
WEB2 days ago — The federal government is siding with banks and credit unions in a lawsuit challenging a new Illinois law on credit card swipe fees, marking a significant development in a case that could have...
Visa hit with merchant class action after US Justice Dept antitrust ...
WEB2 days ago — The plaintiff’s law firm, Cohen Milstein, long has represented gasoline retailers in Brooklyn federal court accusing Visa and Mastercard of imposing artificially high credit card interchange,...
Banks Cheer as Hsu Comes Out Strong on Preemption
WEB2 days ago — It’s an argument the industry used in fights over the Dodd-Frank Act’s Durbin amendment, which set a cap on swipe fees for debit cards. The Illinois law, the groups maintained, will cause “an even further” decrease in free accounts.
The Green Sheet :: Breaking News
WEB3 days ago — They pointed to a 2018 U.S. Supreme Court ruling that American Express did not violate antitrust laws with anti-steering provisions in its contracts with merchants, to support their viewpoint.
Biden Administration Asks Supreme Court to Spare Huge E-Rate …
WEB4 days ago — The Biden administration has asked the U.S. Supreme Court to overrule a lower court and reinstate the funding mechanism for the Universal Service Fund, which distributes some $2 billion annually...
Legal Supreme Court News | Breaking Stories | Reuters
WEB3 days ago — Law firms are capitalizing on client uncertainty sparked by a flurry of new U.S. Supreme Court rulings that favored opponents of federal agency powers, even as lawyers themselves differ on...
How a Judge Will Weigh Immunity in Trump’s Jan. 6 Case
WEB3 days ago — How does the Supreme Court’s presidential immunity ruling apply to former President Donald J. Trump’s election-interference case? Here’s how Judge Tanya S. Chutkan will decide.
Two Sides to Every Monopolization Suit: DOJ Sues Visa for Debit ...
WEB5 days ago — Amex’s split victory in the Supreme Court will likely reinforce Visa’s instincts in that regard. The DOJ’s suit is a continuance of the years-long scrutiny of fee structures and contractual practices with one side of the market (e.g., merchants and acquirers) in credit and debit networks.