A state lawmaker in Massachusetts has filed a legislative measure to cap card interchange in the state, according to media reports.State Rep. Joseph Driscoll has filed a bill that would cap the interchange rate for all cards at 0.75%."This bill looks after consumers and their families by returning equity to them," Driscoll as quoted as saying. "Placing half a billion dollars back in the hands of those people who have earned it would benefit Massachusetts in a fundamental way. That is what I call economic stimulus."

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.