News

Illinois Bankers Association Announces 2026–2027 Board Chair, Executive Committee, and New Directors

7/22/2026

We are proud to announce the election of its 2026–2027 Board Chair, Executive Committee, and new members of the Board of Directors.

2026 IBA Scholarship Winners

7/1/2026

The Illinois Bankers Association is proud to recognize the 2026 scholarship recipients.

Governor Pritzker Signs IBA’s Second 12-Month Extension to the IFPA!

6/29/2026

On June 26, Governor Pritzker signed to extend the effective date of the IFPA.

Bank and Credit Union Groups Statement on Illinois General Assembly Vote to Delay Illinois Interchange Fee Prohibition Act Implementation

6/1/2026

Illinois General Assembly voted to delay implementation of the Illinois Interchange Fee Prohibition Act (IFPA) for one year

IBA Submits New Brief in Interchange Law Litigation

5/22/2026

The IBA and its co-plaintiffs have filed a brief in our litigation challenging IFPA

David Boulay Selected as President and CEO of the Illinois Bankers Association

5/14/2026

Proven Illinois Advocate and Coalition Builder Named Next Statewide Voice for Illinois Banks

Seventh Circuit Vacates Interchange Decision; Remands to Trial Court

5/8/2026

Seventh Circuit Court of Appeals cancelled oral arguments in lawsuit

IBA and ABA Issues Guide for Banks Writing Comment Letters on OCC Interim Final Rule

5/7/2026

The IBA and ABA has released a guide for banks to use when writing comment letters...

OCC Moves to Preempt Illinois Interchange Law

4/24/2026

IBA Applauds Agency’s Actions

Local Financial Institutions and Small Business Advocates Warn of “Countdown to Chaos at the Register” as Flawed Illinois Law Nears Implementation

4/16/2026

The IBA joined financial institutions and small business advocates to warn of the real impact the Interchange Fee Prohibition Act could have on Illinois consumers and businesses.

IBA Submits Comment Letter on Proposed Amendments to Illinois CRA Rules

4/1/2026

The IBA has submitted a comment letter voicing our members’ concerns regarding the IDFPR’s proposed amendments to the Illinois Community Reinvestment Act administrative rules and fee schedule.

IBA Files Appeal Brief, Gains Strong Support in Interchange Litigation

3/23/2026

The Illinois Bankers Association and its co-plaintiffs have filed their opening appeal brief in our ongoing lawsuit challenging the Illinois Interchange Fee Prohibition Act (IFPA), continuing efforts to overturn the law’s interchange provisions.

IBA Files Appeal of Interchange Decision to the Seventh Circuit

2/18/2026

The Illinois Bankers Association and its co-plaintiffs have filed a notice of appeal for the U.S. Court of Appeals for the Seventh Circuit

Court Ruling on IBA’s Interchange Law Litigation

2/10/2026

Today, co-plaintiffs the American Bankers Association, Illinois Bankers Association, America’s Credit Unions and Illinois Credit Union League issued the following statement after today’s U.S. District Court ruling in our lawsuit challenging the Illinois Interchange Fee Prohibition Act...

Judge Hears Final Oral Arguments Before Summary Judgment on IBA’s Interchange Law Litigation

10/23/2025

On October 22, federal Judge Kendall heard oral arguments on the IBA’s federal lawsuit challenging the Interchange Fee Prohibition Act (IFPA), which unconstitutionally limits interchange fee paid to debit and credit card issuers.

Illinois Bankers Association Announces 2025–2026 Board Chair, Executive Committee, and New Directors

7/23/2025

We are proud to announce the election of its 2025–2026 Board Chair, Executive Committee, and new members of the Board of Directors.

IBA Scholarship Winners

7/17/2025

The Illinois Bankers Association is proud to announce the 2025 scholarship recipients.

Van Dukeman Named 2025 Illinois Banker of the Year

6/27/2025

We are proud to announce Van Dukeman as the 2025 Illinois Banker of the Year!

Honoring the 2025 Community Service Award Recipients

6/27/2025

The IBA is proud to announce the recipients of the 2025 Illinois Community Service Awards!

Governor Pritzker Signs IBA’s 12-Month Extension to the IFPA!

6/16/2025

Today, Governor Pritzker signed the proposal introduced and passed by the IBA and our coalition to extend the effective date of the Interchange Fee Prohibition Act (IFPA) by a year until July 1, 2026.

IBA Passes Interchange Law Delay In Final Hours of State Legislative Session

6/5/2025

The Illinois General Assembly passed an eleventh-hour delay to the Interchange Fee Prohibition Act (IFPA).

IBA Submits New Filings in Interchange Litigation

5/8/2025

The IBA and its co-plaintiffs have filed a reply brief and a statement of additional facts in lawsuit

Local Illinois Financial Institutions, Chamber Members Warn of the Countdown to Credit Card Chaos - Groups Call for Repeal of Flawed Interchange Fee Prohibition Act

4/9/2025

Groups Call for Repeal of Flawed Interchange Fee Prohibition Act

IBA Files Motion for Summary Judgment in Interchange Fee Prohibition Act Challenge

3/18/2025

The Illinois Bankers Association, American Bankers Association, Illinois Credit Union League and America’s Credit Unions filed a Motion for Summary Judgment in our lawsuit challenging the Illinois Interchange Fee Prohibition Act (IFPA), with a declaration from an expert witness. Building on the judge’s earlier rulings in our favor, we asked the court to (1) grant the summary judgment and (2) permanently enjoin the Illinois Attorney General from enforcing the IFPA.

Federal Court Extends Preliminary Injunction on Illinois Interchange Law to Out-of-State Banks

2/7/2025

A federal judge for the Northern District of Illinois has extended a preliminary injunction against enforcement of the Illinois Interchange Fee Prohibition Act (IFPA) to out-of-state state-chartered banks, following the judge’s request for supplemental briefing on the issue. The order recognizes that “forcing out-of-state banks to comply with the IFPA would run afoul” of the Riegle–Neal Interstate Banking and Branching Efficiency Act. However, the order did not extend the preliminary injunction to credit unions.

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