SB2102

Oklahoma SB2102 prohibits credit card issuers and payment card networks from fixing or charging certain fees and penalizing merchants.

Oklahoma SB2102 establishes rules for credit card transactions, prohibiting credit card issuers and payment card networks from fixing or charging certain fees. It also prohibits issuers from penalizing merchants who offer discounts for cash, debit card, or gift card payments. The bill mandates that issuers disclose swipe fees to cardholders and requires payment card networks to disclose swipe fees to merchants. The Attorney General is authorized to investigate violations and impose fines. The act becomes effective November 1, 2026.