Illinois Quick Hits: Feds put card swipe fees prohibition on hold
(The Center Square) – The U.S. Treasury Department’s Office of the Comptroller of the Currency has released notice of a pending order to preempt the Illinois Interchange Fee Prohibition Act.
The state law scheduled to take effect on July 1 would prohibit banks and credit card companies from charging swipe fees on the tax and tip portion of transactions when a consumer pays with a credit or debit card.
Illinois Retail Merchants Association President and CEO Rob Karr said the rushed announcement by the federal government prioritizes the bottom line of banks and credit card companies over meaningful relief for businesses and consumers.
LATIN AMERICAN STUDIES MANDATE CLEARS ILLINOIS HOUSE
The Illinois House has passed legislation requiring public elementary and high schools to provide curriculum that includes the study of the contributions by Latin Americans to the development of the United States.
House Bill 4372 directs the regional superintendent of schools to monitor school districts’ compliance. House Republicans opposed the measure, calling it another unfunded mandate that would lead to higher property taxes.
CHICAGO RAISES CAB FARES
The Chicago City Council has passed an ordinance to raise taxi fares. The base fare for the first 1/9th of a mile remains unchanged at $3.25, but rates for each additional ninth of a mile will rise from 25 cents to 31 cents.
The ordinance imposes new rush hour and overnight surcharges and raises cleanup and waiting fees. In addition, the minimum fine for operating an unlicensed taxi goes up from $100 to $1,000.
Sunny
Latest News Stories
24 AGs question funding of orgs refusing to remove climate agenda from judges manuals
Costco faces lawsuit as consumers seek refunds from invalid tariffs
Insurer won’t back Gori defense vs asbestos lawsuit fraud claims
With teachers union support, committee approves charter school mandates
Allstate can’t delete class action over alleged secret app tracking
Chicago voters view housing affordability as bigger issue than crime
New Illinois gun bill aims at glock switches; critics say it misses the real problem
Illinois quick hits: Cook County spends nearly $20 million on food, housing services; Chicago Teachers Union tells teachers, students to skip school; Russell Dickerson to play Du Quoin State Fair
Will County Officials Warn of Zoom Court Scam Targeting Defendants for Fraudulent Dismissal Fees
Illinois quick hits: Services Saturday for teen killed by line drive
Critics concerned seizure detection bill impacts Illinois’ small businesses
CTA security enhancement plan follows federal push, complaints
Lawyers who specialize in suing Chicago cops seek special prosecutor to go after ICE
Will Land Use Committee Evaluates Multi-Million Dollar Buyout for Flooded Harris Drive Homes
