Association and Del-One FCU Testify on Delaware Interchange Bill

Association CEO John Bratsakis and Del-One FCU CEO Dan McCarthy testified Tuesday before the House Economic Development, Banking, Insurance & Commerce Committee on HB 315. The bill introduced in the Delaware General Assembly would change state law to block payment card networks from charging interchange fees on tips added to card transactions.

"Thank you to everyone who reached out to committee members and sponsors, several members noted during the hearing that they had heard from banks and credit unions on the issue," said Bratsakis. "I also want to thank Dan McCarthy for joining me in testifying."

While the bill's goal is to ensure workers keep the full amount of their tips, the Association cautioned lawmakers that the proposal could unintentionally disrupt the systems that keep electronic payments secure and help prevent fraud. Testimony also emphasized that there is no clear evidence the change would deliver meaningful benefits to workers or consumers.

HB 315 has been passed out of committee and will move to the House floor, though the timing of a vote remains uncertain. The Association continues to work closely with a broad coalition of credit unions, banks, industry partners, and national associations to oppose the bill.

The Association will share updates as developments occur.