The Changing Landscape of Interchange Fees and Surcharges
Author: Matthew C. Luzadder.; Alla M. Taher.
Source: Volume 40, Number 12, December 2024 , pp.129-135(7)
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Abstract:
The authors provide an overview of the ongoing credit card interchange fee litigation and recent federal and state legislation that seeks to lower interchange fees. The authors also discuss state laws that restrict merchants from passing these fees on to consumers and concerns about the constitutionality and practical application of these laws.Keywords: Electronic Payments Infrastructure and Fees; In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation; Credit Card Competition Act of 2023 (“CCCA”); Surcharging
Affiliations:
1: Kelley Drye & Warren LLP; 2: Kelley Drye.