summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to credit card merchant agreements. Financial Services.
AI Summary
This bill aims to regulate credit card merchant agreements in Massachusetts. It requires financial institutions to provide merchants with full access to the rules and fee schedules that govern their credit card and debit card transactions. The bill prohibits certain fees, such as charging merchants a chargeback fee for transactions exceeding a predetermined amount, and bans the application of fees to the tax portion of a sales transaction. It also prohibits merchants from waiving their rights under the law. Violations of the bill's provisions can result in civil and criminal penalties.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see H5160 (on 12/01/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H958 |
| Bill | https://malegislature.gov/Bills/191/H958.pdf |
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