The Community Bank Relief Act updates payment transaction fees to keep up with inflation. This helps ensure that fees remain fair and reasonable for consumers over time.
If you use a debit or credit card, the fees you pay could change to reflect current inflation rates.
Who this affects
Consumers · Community banks
What changes is this bill making?
1This bill adjusts certain payment transaction fees for inflation.
2It requires annual updates based on the Consumer Price Index.
3The first adjustment will happen before July 1, 2026.
4These changes aim to keep fees reasonable for consumers.
5The bill affects how banks charge fees for electronic payments.
