(The Center Square) – Proposed legislation related to credit and debits cards, potentially impacting 6 in 10 North Carolinians, is on the agenda Tuesday for a legislative committee.
Five bills are listed for the House of Representatives’ Committee on Commerce and Economic Development. Included is one restricting businesses from profiting on electronic transaction fees they are assessed, and another bans hostile governments from acquiring agricultural land near military installations.
Charges for Payments by Credit or Debit Card, known also as House Bill 13, says a merchant “shall not impose a charge for payments by credit card or debit card that is more than the charge that the merchant pays to a payment card entity to facilitate or process these payments.”…