States keep targeting card fee relief

Ongoing state-level efforts to impose card fee relief measures signal growing regulatory pressure on payment processors and merchants, which could compress margins for middle-market lenders exposed to consumer credit and payment service providers. As states continue targeting interchange fees, credit professionals should assess the potential impact on transaction costs, borrower cash flow, and credit risk profiles. This trend underscores the need for heightened vigilance around regulatory developments that may reshape fee structures and influence credit performance in the payments ecosystem.