“In order to prevent Illinois from becoming the Land of Credit and Debit Card Chaos, the Illinois legislature must repeal this flawed law before they adjourn later this month.”
Date: May 8, 2026
Media Contact:
Nick Simpson
Nick@electronicpaymentscoalition.org
WASHINGTON D.C. – Electronic Payments Coalition Executive Chairman Richard Hunt issued the following statement after the Seventh Circuit Court of Appeals canceled next week’s oral arguments and vacated the district court’s earlier decision in the ongoing litigation over Illinois’s flawed interchange law:
“The Illinois Credit Card Chaos Law must be repealed immediately.
“The Court of Appeals rightly recognized what the top federal banking regulator, the Office of the Comptroller of the Currency, has said from the beginning: the National Bank Act, signed into law by President Lincoln, preempts state interchange laws like Illinois’s IFPA. The court sent a clear message that states cannot impose conflicting requirements on the national payments system.
“IFPA remains unworkable, disruptive, and a recipe for confusion for consumers, small businesses, community banks, and credit unions. In order to prevent Illinois from becoming the Land of Credit and Debit Card Chaos, the Illinois legislature must repeal this flawed law before they adjourn later this month.”
NOTE: The Sevent Circuit Court of Appeals docket order is below:
- After the district court entered its decision in this case, the Comptroller of the Currency issued an Interim Final Rule, 91 Fed. Reg. 22989, 22994–95 (Apr. 29, 2026), and an order, “Order Preempting the Illinois Interchange Fee Prohibition Act,” 91 Fed. Reg. 23150, 23151 (Apr. 29, 2026), bearing on the state statute at issue in these appeals. In supplemental briefs filed in this court, plaintiffs and the Comptroller contend that the Rule and Order require decision in plaintiffs’ favor, while the Attorney General of Illinois contends that the Rule and the Order are invalid both procedurally and substantively, and at all events do not affect the appropriate decision on the merits. The district court should address these matters, and any related issues, before this court attempts to do so. We therefore vacate the judgment of the district court and remand for appropriate further proceedings. Any further appeals will return to this panel, with supplemental briefs limited to issues newly resolved by the district court. The oral argument set for May 13 is cancelled. A new date will be assigned if any further appeals are filed. [104] [7524105] [26-1354, 26-1371, 26-1440, 26-1441] (AP)
