NY S 5558
in committeeEnacts the interchange fee prohibition act
New York · 2025-2026 Regular Session · upper
Description
Enacts the "interchange fee prohibition act"; prohibits the receipt or charge of interchange fees on the tax amount or gratuity of an electronic payment transaction if the merchant informs the acquirer bank or its designee of the tax or gratuity amount as part of the authorization or settlement process for the electronic payment transaction; establishes penalties.
- Introduced
- —
- Status date
- —
- Latest action
- 2026-01-07 — REFERRED TO CONSUMER PROTECTION
- Bill type
- bill
- Last updated
- —
Sponsors
- Jeremy Cooneyprimary
Committees
Not provided by source.
Action timeline
2025-02-25
REFERRED TO CONSUMER PROTECTION
referral-committee
2026-01-07
REFERRED TO CONSUMER PROTECTION
referral-committee
Versions
- S5558Compare
Documents
- application/pdf(no extracted text yet)
- text/html(no extracted text yet)
Votes
Not provided by source.
Related bills
- Companion bill: A 6603
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z
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