OK SB2102

Credit card issuers with over $85 billion in consolidated worldwide assets are prohibited from fixing swipe fees, using network-established fee schedules, or charging disputed transaction fees without a finding of fault

Credit card issuers must disclose swipe fee amounts on monthly cardholder statements and cannot penalize merchants who offer discounts for cash, debit, or gift card payments

Payment card networks cannot require merchants to accept all cards from an issuer, fix swipe fees, or charge disputed transaction fees without a factual finding of responsibility

Payment card networks must disclose the rate and total amount of swipe fees to merchants within 45 days of each transaction

Attorney General may impose civil penalties ranging from $300,000 for individuals to $30 million for entities with assets over $500 million, and may seek injunctions for violations; effective November 1, 2026