Rob Karr
Coverage of Rob Karr in the Nexus archive.
- Illinois lawmakers delay credit card swipe fee law
Illinois lawmakers delayed the implementation of the Interchange Fee Prohibition Act from July 1, 2026, to July 1, 2027. The law aims to eliminate credit card fees on sales tax and tips, but credit card companies and banking associations are challenging it legally, while retail groups and small businesses criticize the delay as favoring financial institutions over local businesses.
- Controversial credit card swipe fee law in Illinois delayed another year
Illinois delayed the Interchange Fee Prohibition Act, a controversial law targeting credit card swipe fees, for another year due to ongoing legal challenges. The law, which would ban fees on sales tax and card-paid tips but allow them on item prices, faced opposition from banks and federal scrutiny, while proponents argue it would benefit consumers and small businesses.