SB 2102 — Credit card transactions; prohibiting issuers from charging certain fees; prohibiting issuers from penalizing merchants; requiring issuer to disclose information. Effective date.

STATESENATE OFFLOOR OKLAHOMAVERSION 2March 2nd5, Session2026 ofAS theAMENDED 60th Legislature (2026) 3 SENATE BILL 2102NO. By:

Thompson2102 4By: 5 AS INTRODUCED 7 An Act relating to credit card transactions;

definingThompson terms;of the Senate and Hilbert of the House 7 [ credit card transactions - fees - information - disclosures - rules - civil penalties - suit - codification - effective date ] BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

prohibiting certain credit card issuers from fixing or charging certain fees;

prohibiting credit card issuers from penalizing certain merchants;

requiring certain credit card issuer to disclose certain information on swipe fees;

prohibiting certain payment card network from fixing or charging certain fees;

prohibiting payment card network from penalizing certain merchant;

requiring certain disclosures by payment card networks;

authorizing promulgation of rules by the Attorney General;

providing certain civil penalties;

allowing filing of certain suit by the Attorney General;

providing for codification;

and providing an effective date.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

Req.2.

No.“Cardholder” means the person named on the face of a credit card to whom or for whose benefit the credit card is issued;

24853. Page 1 2.

“Cardholder”“Credit card” means thea personcard namedor ondevice theissued faceunder ofan aagreement creditby 2which the credit card issuer gives to whoma orcardholder forthe whoseright benefitto theobtain credit cardfrom isthe issued;issuer or another person;

3SENATE 3.FLOOR VERSION - SB2102 SFLR Page 1 (Bold face denotes Committee Amendments) 4.

“Credit card”card issuer” means a cardlender, orincluding devicea issuedfinancial underinstitution anor agreement by which the credit card issuer gives to a cardholdermerchant thethat 5receives rightapplications toand obtainissues credit fromcards theto issuerindividuals; or another person;

65. 4.

“Credit card issuer” means a lender, including a financial 7 institution or a merchant that receives applications and issues credit cards to individuals;

9 5.

Req.a.

No.routes information and data to conduct a credit card transaction authorization, clearance, and settlement, and SENATE FLOOR VERSION - SB2102 SFLR Page 2 (Bold face denotes Committee Amendments) b.

2485the Pageentity 2uses a.to accept as a form of payment, a brand of credit card or other device that may be used to carry out credit card transactions;

routes information and data10. to conduct a credit card 2 transaction authorization, clearance, and settlement, 3 and b.

the entity uses to accept as a form of payment, a 5 brand of credit card or other device that may be used 6 to carry out credit card transactions;

and 7 10.

9 SECTION 2.

has been fixed, established, or recommended by a payment card network, or Req.b.

No.the credit card issuer knows, or reasonably should know, is being used in the same calendar year by another credit card issuer to determine the amount of SENATE FLOOR VERSION - SB2102 SFLR Page 3 (Bold face denotes Committee Amendments) an interchange fee with respect to a credit card transaction that such issuer receives or charges;

24853. Page 3 b.

theCharge credita cardcardholder issueror knows,a ormerchant reasonablya shouldfee 2due know,to isa beingdisputed usedcredit incard thetransaction sameunless calendara yearfinding byof 3fact anotherconcludes creditthat cardthe issuercardholder toor determinemerchant theis amountresponsible offor anthe interchangedisputed feetransaction withand respectthe tocardholder aor creditmerchant cardis 5provided transactionwritten thatnotification suchof issuerthe receivesfinding orof charges;fact;

6 3.

Charge a cardholder or a merchant a fee due to a disputed 7 credit card transaction unless a finding of fact concludes that the cardholder or merchant is responsible for the disputed transaction 9 and the cardholder or merchant is provided written notification of the finding of fact;

Req.3.

No.Charge a cardholder or a merchant a fee due to disputed credit card transactions unless a finding of fact concludes that the cardholder or merchant is responsible for the disputed credit card SENATE FLOOR VERSION - SB2102 SFLR Page 4 (Bold face denotes Committee Amendments) transaction and the cardholder or merchant is provided written notification of the finding of fact;

2485or Page4. 4 3.