Scored 7/10 on whether it helps or hurts everyday people.
The Credit Card Bill
Stopping credit card companies from charging fees on taxes
Creates the interchange fee restriction act prohibiting interchange fees on sales and use tax or excise tax when payment is made with a credit or debit card.
Good for everyday people ·
This bill stops credit card companies from charging their swipe fees on the tax part of your receipt.
Our take
What we think, in plain words.
When you buy something with a card, the store pays a hidden fee to the bank. Right now, banks charge that fee on the whole total, including the sales tax. This bill says banks cannot take a cut of the tax money. It helps local stores save money. Credit card companies will argue it makes their computer systems too hard to run. But it stops big banks from making a profit off the taxes we pay.
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The facts
What the bill actually says, no spin.
- Stores pay a fee to banks every time you swipe a card.
- This fee is usually a percentage of your total bill.
- This bill stops banks from charging that fee on the sales tax.
- Stores will keep more of their money instead of giving it to banks.
In the news
Scanning the news for this bill…
Headlines gathered from across the news, starting points to explore, not endorsements. Always read the official text before acting.
Sources
Read it yourself: the official bill and records.
This bill is in the Rhode Island Bill Book 2026
The best and worst Rhode Island bills of 2026, one page each — our take on the left, the bill on the right, and room for your notes. No email needed.
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