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ABA: The American Bankers Association
Amicus Brief

Memorandum Opinion and Order

ILLINOIS BANKERS ASSOCIATION ) et. al, Plaintiffs,

v. KWAME RAOUL, in his official capacity as Illinois Attorney General, Defendant.
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Pending before the Court is Plaintiff Illinois Bankers Association’s et al.1 (“Illinois Bankers”) motion for pre-enforcement injunctive relief from the Illinois Interchange Fee Prohibition Act (the “IFPA”) slated to take effect on July 1, 2025. (Dkt. 15); 815 ILCS 151/150-1 et seq. Illinois Bankers—trade associations representing financial institutions and other participants in electronic payment transactions—claim that the state statute is preempted by various federal laws. Defendant Illinois Attorney General Kwame Raoul, acting in his official capacity, opposes the preliminary injunction, requests the Court deny Illinois Bankers’s motion in its entirety, and moves to dismiss the complaint. (Dkt. 76). For the following reasons, Illinois Bankers Association’s preliminary injunction [15] is granted in part. The State’s motion to dismiss [7 ] is also granted in part.

 

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