The Illinois Credit Union League’s Tom Kane and Ashley Sharp go deep on the turmoil surrounding Illinois’ problematic new interchange law and the steps being taken to course correct. Also- Sam Altman’s Worldcoin moves fast and scans (personal) things, and…Backpedaling as a Service (BaaS)?

Links related to this episode:

Our continuing coverage of Illinois’ Interchange Fee Prohibition Act: https://www.big-fintech.com/Media?p=a-state-of-confusion-interchange-battles-move-closer-to-home
The ICUL’s press release explaining the recently filed lawsuit: https://www.icul.com/news/icul-news/bank-and-credit-union-groups-join-forces-to-challenge-new-illinois-law-restricting-interchange-fees/
The “Guard Your Card” website: https://guardyourcard.com/illinois/
The Chicago Tribune’s editorial opposing the Illinois law: https://www.chicagotribune.com/2024/06/03/editorial-retailers-credit-cards-interchange-pritzker-springfield/
The Wall Street Journal’s front page article on Sam Altman’s Worldcoin/retinal scanning efforts: https://www.wsj.com/tech/sam-altman-openai-humanness-iris-scanning-4d0e1dab

Join us for the next CU Town Hall on Wednesday August 28 at 3pm ET/Noon PT for a live and lively interactive conversation tackling the major issues facing CUs today. It’s free to attend (you might even win a door prize!), but advance registration is required: https://www.cutownhall.com/

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