Topic: Federal Reserve Bank of Richmond

member Bank of Federal Reserve

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American Banker: Death by a thousand caps—State laws could kill credit card rewards

Credit Card Rewards Swipe Fees Interchange Fee Caps Price Controls

A group of states are pursuing similar efforts to cap credit card interchange fees, endangering rewards programs that customers value, and raising concerns about an illegal interstate compact.

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Colorado Conservatism Culture Domestic Policy Economic Opportunity Economy Government Regulation Legal and Judicial Life Markets and Finance Political Thought Poverty & Welfare Poverty and Inequality Progressivism Public Opinion Top Issues Updates

Colorado’s House Bill 1282 Swipe Fee Legislation: A Price Control by Another Name

Colorado House Bill 1282 Interchange Swipe Fee Price Control Credit Card Rewards Programs

Colorado’s interchange swipe fee cap will ultimately harm small businesses, drive up banking costs, and gut credit card rewards.

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Conservatism Culture Domestic Policy Economic Opportunity Economy Government Regulation Legal and Judicial Life Markets and Finance New Mexico Political Thought Poverty & Welfare Poverty and Inequality Progressivism Public Opinion Top Issues Updates

Backdoor Price Control: New Mexico’s HB476 Interchange Fee Cap Scheme

Price Controls New Mexico Credit Card Interchange Fees

New Mexico’s HB 476 stealthily caps interchange fees by targeting sales tax, bypassing federal oversight while shifting costs to consumers and small businesses.