Colorado governor blocks credit card fee overhaul

Colorado Governor Jared Polis vetoed a bill that aimed to overhaul the state's credit card transaction fees, delivering a blow to efforts seeking to alter the way consumers and businesses pay for goods and services.

Colorado lawmakers unable to upend credit card industry

The vetoed bill, known as Senate Bill 26-134, sought to prohibit interchange fees from being imposed on the tax portion of a credit card transaction. This move could have forced consumers to use multiple payment methods for a single purchase, injecting confusion into Colorado's relatively seamless payment process.

Polis argued that the bill presented too much legal risk to Colorado's business environment and consumers, with limited benefits for small businesses. He cited ongoing uncertainty surrounding similar legislation in Illinois, which passed the