The U.S. Supreme Court gave the green light allowing a North Dakota merchant to sue the Federal Reserve over debit card interchange caps, even though the merchant did not open for business until the statute of limitations on such lawsuits had expired.

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A recent study by Empower revealed a concerning financial trend among Americans: 37 percent of the population is unable to cover an unexpected expense exceeding $400. This finding underscores a broader issue of financial instability, with nearly a quarter (21 percent) of Americans lacking any emergency savings at all.

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Pennsylvania is taking a page out of the Illinois tax book with a proposed new law that would ban interchange from being assessed on the tax portion of retail purchases. The new Illinois law, which will take effect July 1, 2025, is the first of its kind in the nation.

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