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Ill. Swipe Fee Ruling Sets Stage For A High-Stakes Appeal

By Barrie VanBrackle, Jack McNeily and Parag Patel ( March 10, 2026, 5:50 PM EDT) -- In February, the court in Illinois Bankers Association v. Raoul found that the Illinois Interchange Fee Prohibition Act does not directly regulate national banks and falls outside National Bank Act, or NBA, preemption because payment card networks set interchange fees, not banks....

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