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Starting July 1, Illinois families could face chaos when paying for everyday purchases like groceries, gas, or a dinner out because of a new state law that changes how credit cards work.

At the checkout line, shoppers may suddenly be told they cannot use their credit cards to pay for sales taxes or tips, forcing them to split payments or pay those portions in cash.

It is a radical change that only benefits corporate mega-stores, while small businesses, local banks, and consumers are left to deal with the fallout.

Experts who understand the global payments system have been sounding the alarm for months:

• The Biden administration’s Department of Treasury noted the law is an “ill-conceived, highly unusual and largely unworkable state law,” and “it is likely that fraud risk would increase significantly, consumer services would be constrained and public trust would decline.”
• A federal judge weighing a preemption-related matter noted the policy is “indisputably disruptive,” “costly” and calls out “business-ending consequences” for local banks and credit unions.
• Crain’s Chicago Business said, “Springfield’s Swipe Fee Gamble Deserves an Appeal.”

Before chaos hits on July 1, lawmakers should reverse course and repeal the Illinois Interchange Fee Prohibition Act.

Learn more at: guardyourcard.com/Illinois