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SB 134

Payment Card Networks' Fees

2026 Regular Session

SB 134 regulates payment card network fees charged to Colorado merchants, potentially reducing transaction costs for retailers and small businesses through fee restrictions or transparency requirements.

Governor Vetoed
#financialservices&commerce
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WeVote Research Nonpartisan
Bill Summary · SB 134

Legislative bill overview

SB 134 addresses payment card network fees in Colorado, likely establishing regulations or restrictions on the fees that credit and debit card processors charge to merchants. The bill has recently passed initial committee review and is moving toward full Senate consideration. Specific provisions are not detailed in the action history provided, but such legislation typically targets interchange fees or processing charges.

Why is this important

Payment processing fees directly affect operating costs for Colorado businesses, particularly small retailers and restaurants. These fees are ultimately reflected in consumer prices and business profitability. Regulating these fees could impact competition in the payments industry and how financial institutions structure their services.

Potential points of contention

  • Business vs. Financial Services: Retailers support fee caps to reduce costs, while credit card networks and banks argue restrictions limit innovation and service quality
  • Consumer Impact: Unclear whether fee reductions translate to lower prices for consumers or improved business margins, or both
  • Interstate Commerce: Colorado regulations may conflict with federal law or create competitive disadvantages if surrounding states don't implement similar restrictions
  • Market Complexity: Payment processing involves multiple parties (networks, processors, banks), making targeted regulation technically challenging without unintended consequences

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

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