Payment Card Networks' Fees

Summary

The bill adds a new Colorado statute that stops card networks from adding a percentage fee on debit or credit card sales that counts tax as part of the transaction amount, unless the card is issued by a small or locally‑branded financial institution. It also requires networks to rebate merchants any fee portion tied to tax and sets compliance rules. The measure targets card networks, issuers, merchants and ultimately consumers, aiming to lower transaction costs.

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

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