Chief U.S. District Judge Virginia Kendall for the Northern District of Illinois found that an interim final rule from the Office of the Comptroller of the Currency establishes that federal law preempts the Illinois Interchange Fee Prohibition Act. The rule was explicitly issued in response to an order from Kendall allowing the swipe fee restrictions to take effect.
Chief U.S. District Judge Virginia Kendall for the Northern District of Illinois found that an interim final rule from the Office of the Comptroller of the Currency establishes that federal law preempts the Illinois Interchange Fee Prohibition Act. The rule was explicitly issued in response to an order from Kendall allowing the swipe fee restrictions to take effect.
