1 Day
Source:
The Boston Globe
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Massachusetts seeks balance on swipe fee changes
Massachusetts lawmakers are examining credit card swipe fees through a legislative commission, aiming to address the rising costs that burden small businesses and restaurants. The commission's work is influenced by recent legal developments in other states, such as Illinois and Colorado, which have sought to ban or limit interchange fees. The efforts include exploring potential reforms like passing processing costs to consumers and removing swipe fees on taxes and tips, with a focus on finding practical solutions amid ongoing legislative debates.
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