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Senate Judiciary delays bill aimed at curbing credit-card ‘‘interchange’’ fees
Summary
Senate Judiciary postponed House Bill 1282 indefinitely after sponsors and committee members said the measure raising limits on interchange fees and related practices needs more stakeholder work and legal review.
The Senate Judiciary Committee moved to postpone House Bill 1282 indefinitely on April 28, after sponsors and several committee members said the complex measure addressing credit-card “interchange” fees requires more time for stakeholder negotiation and legal review.
Sponsors told the committee the bill grew from concerns by small businesses, nonprofits and consumers that Visa and Mastercard — and large issuing banks — allow…
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