Pa. Lawmaker Seeks Ban On Credit Card 'Swipe Fees'

Law360, New York (January 29, 2013, 6:01 PM EST) -- Pennsylvania state Rep. Adam Ravenstahl announced Tuesday  he plans to draft legislation that would prohibit retailers from imposing credit card transaction fees or surcharges on consumers by eliminating the so-called swipe fees.

Ravenstahl, D-Allegheny, said the proposed legislation would bring Pennsylvania in line with 10 other states that prohibit the swipe fees and comes on the heels of terms of a settlement agreement that went into effect Sunday allowing merchants in 40 states to slap up to a 4 percent surcharge on all credit card transactions...
To view the full article, register now.