EPC files brief against Illinois interchange law; oral arguments set for October

The Electronic Payments Coalition (EPC) filed an amicus brief this week supporting the lawsuit filed by America’s Credit Unions, Illinois Credit Union League, and other organizations against an Illinois interchange law.

The U.S. District Court of the Northern District of Illinois is also considering a motion for a preliminary injunction to halt the July 1, 2025 effective date of the Illinois Interchange Fee Prohibition Act (IFPA), which would ban financial institutions from charging or receiving interchange fees in Illinois on the tax or gratuity portion of a debit or credit card transaction. It is the first state interchange law passed in the U.S.

America’s Credit Unions, the Illinois League, and other financial groups filed the lawsuit challenging the IFPA because it violates numerous federal laws, including the Federal Credit Union Act, among other concerns.

According to the current court schedule, the Illinois Attorney General must file a response to the preliminary injunction filing by Oct. 4, with a reply from America’s Credit Unions and the other plaintiffs due Oct. 11. Oral arguments are scheduled for Oct. 30, and a decision could come by early November.

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