WASHINGTON, Feb. 11 -- Sen. Dick Durbin issued the following press release:
U.S. Senate Democratic Whip Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee and lead sponsor of the Credit Card Competition Act (https://www.durbin.senate.gov/newsroom/press-releases/durbin-marshall-reintroduce-the-credit-card-competition-act) and the Durbin Amendment, released the following statement after a federal judge ruled against the banks in Illinois Bankers Association v. Raoul, a lawsuit brought by the banks to prevent the Illinois Interchange Fee Prohibition Act (IFPA) from taking effect. In the ruling, Chief Judge Virginia Kendall agreed with the arguments in the amicus brief (https://www.durbin.senate.gov/newsroom/press-releases/du...