WeVote
Log In

Bill

Bill

H 375

An Act relative to transparency in credit card fees

194th Legislature (2025-2026) Introduced by Jim Arciero and 3 co-sponsors

Massachusetts bill requiring credit card companies to clearly disclose all fees upfront so consumers can compare products and understand true costs before using cards.

Accompanied a study order, see H5320
0
WeVote Research Nonpartisan
Bill Summary · H 375

Legislative bill overview

H 375 requires credit card companies to provide transparent disclosure of all fees associated with credit card accounts, including annual fees, foreign transaction fees, balance transfer fees, and other charges. The bill aims to ensure consumers have clear, upfront information about the true cost of credit card products before applying or using the cards.

Why is this important

Credit card fee structures are often complex and difficult to compare across products, making it challenging for consumers to make informed financial decisions. Enhanced transparency can help reduce unexpected fees, promote competition based on clearer pricing, and give consumers better tools to evaluate which cards align with their spending patterns and financial situations.

Potential points of contention

  • Industry compliance costs: Financial institutions may argue that standardized disclosure requirements impose administrative and technology implementation burdens, potentially raising operational costs
  • Definition scope: Disagreement may arise over which fees must be disclosed and at what level of detail (e.g., whether conditional or situational fees like late fees should be included)
  • Competitive concerns: Card issuers may worry that explicit fee disclosure could disadvantage certain products or business models, particularly premium or specialty cards

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

Sign in to ask a question.