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HB 6460

AN ACT CONCERNING INTERCHANGE FEES ON ELECTRONIC PAYMENT TRANSACTIONS.

2025 Regular Session Introduced by Joe Polletta

HB 6460 would regulate interchange fees that merchants pay for electronic payment transactions, aiming to reduce costs for Connecticut retailers and potentially lower consumer prices.

REF. TO JOINT COMM. ON Finance, Revenue and Bonding
#electronicpaymentinstruments #fees
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Bill Summary · HB 6460

Legislative bill overview

HB 6460 addresses interchange fees—the charges that merchants pay to card networks and banks when customers use credit or debit cards. The bill would regulate or limit these fees on electronic payment transactions in Connecticut. The specific regulatory mechanism is not detailed in the available information, but such bills typically aim to reduce merchant costs by capping fees or requiring transparency.

Why is this important

Interchange fees represent a significant operational cost for retailers, particularly small businesses, and these costs are often passed to consumers through higher prices. Connecticut regulation could affect how payment processors, banks, and merchants conduct business in the state. This issue intersects consumer prices, small business viability, and financial system operations.

Potential points of contention

  • Interstate commerce concerns: Individual state regulation of payment networks may conflict with federal authority and interstate commerce, potentially facing legal challenges
  • Unintended consequences: Fee caps could reduce merchant access to certain payment options, discourage card acceptance, or shift costs to consumers through other mechanisms
  • Industry impacts: Banks and payment processors may argue caps reduce their profitability and ability to invest in payment security and fraud prevention

Compiled from official sources — confirm details with the bill’s official record.

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