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Financial Services Law Insights and Observations

Oklahoma prohibits credit, debit card surcharges

State Issues State Legislation Credit Cards Fees

State Issues

On April 30, the Oklahoma governor signed HB 1425, which, among other things, bans surcharges on credit or debit card transactions. The ban prohibits sellers from increasing the price of any sales transaction for buyers who pay with a credit or debit card instead of a check, cash, or similar means. HB 1425 takes effect November 1.

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