Payment Card Networks' Fees

Summary

The bill adds a new Colorado statute that bans payment‑card networks from calculating interchange fees as a percentage of a transaction’s total amount when the fee includes sales tax. It requires networks to exclude tax from fee calculations, rebate merchants for any overcharge, and allows civil actions with damages and attorney fees for violations. Large retailers must use any savings to lower prices or boost employee wages and benefits.

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

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