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Illinois heads toward landmark card interchange fee restrictions

Payments Dive

The state may become the first in the nation to outlaw the imposition of credit and debit card interchange fees on state excise tax and tips.

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Swipe fee foes find legislative support in almost a dozen states

Payments Dive

The battle to curb interchange fees has migrated from Illinois across the nation, with bills in 11 states seeing robust lobbying.

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Cannabis Banking in Illinois: Mitigating Reputation Risk to Financial Institutions

Abrigo

Despite Federal ambiguity, Illinois State Regulators defined their stances on cannabis banking. One of the biggest questions concerning Illinois Bank Secrecy Act (BSA) and AML professionals is how to handle cannabis and marijuana-related businesses (CRB/MRB) in a constantly changing legal landscape. Illinois State Banking Regulators.

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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

As for easing the path toward financial innovation, there’d always been some consideration of seeking a national banking charter, noted Cagney, especially as the company began building blockchain and blockchain applications over the past few years. “As Figure, said Cagney, can offer some of its products in New Yok — but not in, say, Illinois.

National 215
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Illinois Passes Marijuana Legalization Bill

PYMNTS

The governor of Illinois signed a marijuana legalization bill on Tuesday (June 25), making it the 11th state to legalize pot. In addition, Illinois has become the first state to legalize the selling of the drug. Governor J.B.

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Old National in Illinois to buy Bremer Financial

ABA Community Banking

Old National Bancorp in Evansville, Illinois, has agreed to buy Bremer Financial in St. The post Old National in Illinois to buy Bremer Financial appeared first on ABA Banking Journal. Paul, Minnesota.

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Blockchain Tracker: 88 Bales Of Cotton, Illinois State Gov. And Adoption

PYMNTS

At the state level, Illinois’ government has shown interest in delving into incorporating blockchain into how it does business. By signaling a willingness to explore these technologies, Illinois opens the door for partnering with the broad range of private-sector companies pioneering innovative solutions in this area.”. “By

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