· NY legislature · 2025-2026

Enacts the interchange fee prohibition act

Enacts the "interchange fee prohibition act"; prohibits the receipt or charge of interchange fees on the tax amount or gratuity of an electronic payment transaction if the merchant informs the acquirer bank or its designee of the tax or gratuity amount as part of the authorization or settlement process for the elect…

Sponsor

Grace Lee (D-NY)

Introduced

2025-03-06

Policy area

Finance and Financial Sector

Latest action

REFERRED TO CONSUMER AFFAIRS AND PROTECTION