A committee approved HB959 as amended to allow limited convenience fees on optional electronic retail‑installment payments, imposing a cap equal to the lesser of $10 or 3% and requiring a no‑fee ACH option; the amendment was adopted and the bill was reported favorably.

The committee adopted an amendment and reported favorably on SB 838, which clarifies that limited convenience fees for optional electronic payments on retail installment contracts are permissible if reasonable and disclosed; senators pressed for clearer 'reasonableness' guardrails.

The UK's Payment Systems Regulator (PSR) has accused Visa and Mastercard of charging excessive fees, restricting competition, and costing businesses £170M annually. Regulatory reforms, including poten...