Community Bank Relief Act

HR 7484, the Community Bank Relief Act, adjusts fees for payment card transactions to help community banks. It requires the Federal Reserve to annually increase these fees starting in 2026 based on the October Consumer Price Index (CPI) inflation rate, with a special one-time adjustment using CPI data from October 2009 to October 2025. This change directly affects community banks by linking their transaction fee limits to inflation, aiming to offset rising costs. The bill modifies existing law under the Electronic Fund Transfer Act to implement these specific fee adjustment mechanisms.