TPA Submits Testimony Opposing Texas SB 2026/HB 4124

Last month, TPA sent written testimony opposing Texas SB 2026/HB 4124 in relation to swipe fees for debit and credit cards. This legislation would hamper small and large businesses with higher input and compliance costs. Furthermore, this bill could end up disadvantaging local financial institutions compared to larger, out-of-state banks. Larger banks and businesses typically have the resources to navigate confusing compliance initiatives, giving them an advantage over smaller businesses. TPA calls on Texas legislators to stop this legislation.