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Puerto Rico consumer agency backs ban on minimum card‑purchase amounts; retailers and regulators express concern
Summary
At an Oct. 15 hearing, the Department of Consumer Affairs backed PC 672, a bill to prohibit merchants from imposing minimum purchase amounts for card transactions. Retail representatives said the ban would harm small businesses; the Office of the Commissioner of Financial Institutions urged alignment with federal rules that allow a $10 credit-card
The House of Representatives Commission on Consumer Affairs held an afternoon session Oct. 15 on PC 672, a bill by Representative Yashira Lebrón Rodríguez to prohibit merchants from imposing minimum purchase amounts as a condition for accepting credit or debit card payments.
The Department of Consumer Affairs (DACO) testified in favor of the bill, arguing that minimums disproportionately affect low‑income consumers and older residents and create confusion when businesses claim to offer alternative payment methods that are not practically available. Retail groups and financial regulators urged caution and suggested alternatives.
Bill and context
PC 672 would make it unlawful for any person or business in Puerto Rico to require a minimum amount for card transactions (credit or debit). The measure would also authorize the DACO secretary to adopt implementing regulations and establish penalties for violations.
Why it matters
Supporters say the bill protects consumers who make small purchases and reduces incentives…
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