The Illinois Credit Union League applauds passage of SB 3645, legislation that extends implementation of the Interchange Fee Prohibition Act (IFPA) from July 1, 2026, to July 1, 2027. The additional year provides policymakers and stakeholders more time to address ongoing legal, operational, and consumer concerns associated with the law, while helping preserve a secure and reliable electronic payments system for Illinois consumers and businesses.
Keep The Mortgage. Ditch The Fees.
Savana Morie