BILL · 2009–10 SESSION

SB 5094: Interchange fees

Regulating interchange and associated fees.

Summary

"Interchange fees" are defined as the fees that a merchant's financial institution pays to a cardholder's financial institution when a customer uses a credit or debit card as payment during a retail transaction. The cardholder's financial institution may not charge an interchange fee that is more than 1.5 percent of the total cost of the retail transaction.

From the Senate Bill Report (Orig.) (SB 5094), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee

AN ACT Relating to interchange and associated fees;

No recorded floor votes. This measure never reached a floor vote.

Mar 15, 2010By resolution, reintroduced and retained in present status.
Jan 11, 2010By resolution, reintroduced and retained in present status.
Jan 13, 2009First reading, referred to Financial Institutions, Housing & Insurance.

Bill numbers restart every two years, so the same number is a different bill in each session.

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