CFC Supports SB 933 – Debit Card Surcharges
Status: SB 933 was read for the second time on May 3 in the Senate Floor and is now on its Third Reading.
Summary: SB 933 would prohibit retailers from imposing a surcharge on consumers who use their debit cards to make a purchase. Debit cards are consumer’s primary transaction type choice since 2006, and in 2008, 34 billion debit card transactions were made totaling $1.3 trillion. Under existing law, retailers are already prohibited from imposing a surcharge on consumers who pay for goods or services with a credit card. This new law would add the more popular option, a debit card, to the list.
Senate Judiciary – Yes:3, No: 1, Absent: 1