"New York's Enhanced Credit Card Surcharge Law: What You Need to Know"

A new law in New York will require businesses to transparently display credit card surcharges and prohibit them from charging consumers more than the processing fees. Governor Kathy Hochul stated that the new disclosure requirements aim to build trust between businesses and communities, empowering patrons to budget accordingly. A similar law was signed in New Jersey last year, emphasizing the importance of notifying consumers about credit card surcharges before checkout and limiting the amount businesses can charge.