Sec. 5. Payment card network
144 words·~1 min read·
/bill/118/s/293/is/section-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this section, the term payment card network has the meaning given the term in section 921(c) of the Electronic Fund Transfer Act ( 15 U.S.C. 1693o–2(c) ). No payment card network, including a subsidiary of a payment card network, may, directly or through any agent, processor, or licensed member of the network, by contract, requirement, condition, penalty, or otherwise, prohibit or inhibit the ability of any person who is in compliance with the law, including section 8 of this Act, to obtain access to services or products of the payment card network because of political or reputational risk considerations. Any payment card network that violates subsection
(b)shall be assessed a civil penalty by the Comptroller of the Currency of not more than 10 percent of the value of the services or products described in that subsection, not to exceed $10,000 per violation.
Connections1 off-index
1 reference not yet in our index
- 15 USC 1693o–2(c)
Citation graph
cites case law
Sec. 5
Payment card network
Cite15 USC 1693o–2(c)
Cites 1Cited by 0 across 0 sources