New Jersey senators are introducing a bill that would outlaw the “checkout fee” credit card surcharges made legal last week by the Visa-MasterCard swipe fee settlement.
Democrats Jim Whelan, Bob Gordon and Nia G. Hill have proposed the bill, which would make New Jersey the 11th U.S. state to prevent retailers from enacting the surcharge. As of January 27, retailers are allowed to charge consumers a fee up to equal the amount they must pay in processing fees whenever a credit card is used to complete a transaction.
New Jersey would join California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas in this regard, notes BankCreditNews.com.
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