TX SB2056

Prohibits credit card issuers with over $85 billion in consolidated assets from fixing swipe fees with other issuers or payment card networks, or using fee schedules set by payment networks

Requires credit card issuers to disclose swipe fees (interchange and assessment fees) on monthly cardholder statements, including per-transaction amounts and monthly totals, starting March 1, 2026

Bans payment card networks from requiring merchants to accept all credit cards as a condition of accepting any cards, and prohibits penalizing merchants who offer discounts for cash, debit, or gift card payments

Prohibits charging cardholders or merchants fees for disputed transactions unless a finding of fact determines responsibility and written notification is provided

Authorizes the Attorney General to investigate violations and seek civil penalties up to $300,000 for individuals or up to $30 million for entities with $500 million or more in assets/market capitalization, with no private right of action