An Act relative to price-fixing prohibition, consumer transparency & tax fairness

HD 1926 prohibits payment card networks and large credit card issuers (with over $85 billion in assets) from fixing interchange fees or engaging in anti-competitive practices like forcing merchants to accept certain cards. It requires credit card companies to clearly disclose interchange fees on consumers' monthly statements and bans charging these fees on taxes or gratuities when merchants provide those amounts during transactions. The bill also prevents networks and issuers from penalizing merchants for lawful price-setting or charging fees for disputed transactions without written notice of responsibility. This directly affects merchants, consumers, and major financial institutions handling credit/debit card transactions.