Illinois Swipe-Fee Law Fight Returns to Lower Court

The legal battle over Illinois' pioneering swipe fee legislation has been sent back to federal district court. The U.S. Court of Appeals for the Seventh Circuit overturned a previous ruling concerning the Illinois Interchange Fee Prohibition Act. This development occurs as a July 1 deadline approaches for the law's implementation. The case will now be re-examined by the U.S. District Court, potentially impacting how credit card transaction fees are handled within the state and setting a precedent for similar legislation elsewhere.