A federal judge for the Northern District of Illinois has denied a retailer groups’ motion to intervene as defendants in the IBA’s litigation challenging the Interchange Fee Prohibition Act. The court held that the retailers failed to show that the Illinois attorney general will not adequately represent their interests and granting the motion would “needlessly ‘use up the [C]ourt’s time and resources.’” The court will, however, consider the amicus brief filed by the retailer groups.
In a joint statement, Ben Jackson/EVP, Illinois Bankers Association and Ashley Sharp/SVP, Illinois Credit Union League welcomed the court’s decision.
“We welcome today's court order denying the merchant groups’ request to join the litigation over the IFPA. These groups have already done enough damage to consumers and small businesses in the state by advancing this misguided law in the first place. This is a win for the Illinois economy and another step forward for our case against a very bad law.”