A6603 (2025-26 session)
NY State bill
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.
- Title
- Enacts the interchange fee prohibition act
- Type
- New York State Assembly bill
- Session
- 2025-26 session
- Status
- In Assembly Committee
- Latest action date
- 2026-01-07
- In committee
- Consumer Affairs And Protection
- Introduced
- 2025-03-06
- Same as
- S5558
- Law section
- General Business Law
Sponsors
- Grace Lee Assembly Member, District 65
Heard in committee
- Consumer Affairs and Protection NY State Assembly committee