🇺🇸
Illinois Interchange Prohibition
Effective
Jurisdiction
🇺🇸 US
Deadline
July 1, 2026
Status
97 days remaining
Description
State legislation prohibiting interchange fees on card transactions in Illinois. Effective July 1, 2026, with 3 more states preparing similar copycat legislation.
Impact
Card networks (Visa, Mastercard), issuing banks, Illinois merchants, payment processors. If replicated, would affect the interchange business model across the US.