interchange fees; payment card transactions

Summary

The bill stops payment card networks from setting interchange fees that are a percentage of a transaction amount unless taxes are excluded, and it bars them from raising fees to get around that rule. It also requires networks to publicly disclose fee schedules and any changes to the attorney general, and it prevents merchants from being penalized for lawful pricing. The goal is to increase transparency and protect merchants from hidden costs.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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