Colorado SB134 regulates interchange fees for payment card networks, prohibiting certain practices and establishing penalties for violations.

Colorado SB134 imposes restrictions on interchange fees charged by payment card networks. It prohibits payment card networks from establishing or increasing fees that include a percentage of the gross dollar amount of a transaction unless the amount attributable to any tax is excluded. The bill also prohibits networks from imposing fee increases or penalties on issuers or financial institutions for costs related to compliance.

Colorado SB134 regulates interchange fees for payment card networks, prohibiting certain practices and establishing penalties for violations.

Colorado SB134 imposes restrictions on interchange fees charged by payment card networks. It prohibits payment card networks from establishing or increasing fees that include a percentage of the gross dollar amount of a transaction unless the amount attributable to any tax is excluded. The bill also prohibits networks from imposing fee increases or penalties on issuers or financial institutions for costs related to compliance.