Vermont lawmakers crack down on credit card fees – BusinessWeek


The Vermont Legislature has passed a bill cracking down on fees and other costs that credit card companies charge merchants, offering protections to small mom-and-pop stores who say the fees stand to threaten their livelihood.

The bill, which passed the Vermont Senate unanimously on Tuesday night and now goes to the governor, allows merchants to set a minimum amount for credit card purchases with a sign notifying customers without facing fines from credit card companies. Credit card companies also would be prohibited from fining stores that offer discounts to customers who use a credit card with fewer fees placed on the merchant and from forcing a retailer to accept their credit card at all store locations, if they don’t want to

via Vermont lawmakers crack down on credit card fees – BusinessWeek.

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