Julian Morris and Ben Sperry Quoted in NBC 5 Chicago on Illinois Swipe Fee Law Debate

Ben Sperry & Julian Morris May 11, 2026

NBC 5 Chicago quoted Ben Sperry and Julian Morris, ICLE Senior Scholars, in a piece examining Illinois’ Interchange Fee Prohibition Act and the debate over whether limiting swipe fees on taxes and tips could reduce merchant costs or create payment-system disruptions and compliance challenges.

Read the full piece here. 

According to the International Center for Law and Economics, the bill is aimed at protecting merchants from having to pay interchange fees on sales taxes and gratuities, but the law as written would require merchants to transmit detailed tax and gratuity data during payment authorization, and would also require merchants to retroactively recover interchange fees.