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flag Illinois faces legal challenges over a new law banning interchange fees on taxes and tips, starting July 1, 2025.

flag Illinois is in a legal battle over a new law that bans interchange fees on taxes and tips, starting July 1, 2025. flag The Illinois Bankers Association is suing, claiming the law will cause chaos and is preempted by federal banking laws. flag Senator Dick Durbin supports the law, while the Office of the Comptroller of the Currency argues it is "ill-conceived" and unworkable. flag The case is ongoing in federal court.

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