Capitol Account

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Banks Notch Wins in Illinois Swipe Fee Fight, as OCC Draws New Criticism

Also, SEC to seek comment on swaps reporting requirements; remembering David Becker, who served twice as the SEC's top lawyer; Noreika nominated to be ambassador to Lithuania and other job moves

Jun 01, 2026
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The bank-retailer battle over Illinois’ law that bans swipe fees on taxes and tips may cool off a bit after state lawmakers voted today for a one-year delay of the controversial policy. But the OCC’s assertive push to influence the debate has…

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