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flag Illinois law banning credit card fees set for July 2026 sparks battle.

flag Illinois' first-in-the-nation law banning interchange fees on tax and tips is set for July 2026, sparking a high-stakes battle. flag Banks and credit card companies warn it could cause "credit card chaos" and disrupt the global payment system, while retailers claim the necessary changes are minor. flag Financial groups are investing heavily in a campaign to repeal the law, fearing it sets a damaging precedent for other states.

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