Amendment of Credit Card Convenience Fee Rules

Proposed Rules: Closed to Comments

Agency:
Comment By: 
Tuesday, August 27, 2019
Download Copy of Proposed Rule (.pdf): 

STATEMENT OF BASIS AND PURPOSE

 In 2013, the Department of Finance (DOF) adopted rules establishing a consistent policy for accepting credit card payments and a uniform administrative fee of 2.49% to defray the cost incurred by the City from credit card transactions.  In 2018, DOF reduced the uniform administrative fee to 2%, which will continue to cover the cost incurred by the City in connection with such credit card transactions.

 On May 10, 2019, Local Law 89 of 2019 amended Section 9-148 of the Administrative Code of the City of New York to eliminate the uniform administrative fee for payments of bail unless the chief administrator of the courts requires a party making a payment of bail to pay a reasonable administrative fee.  The effective date for the elimination of this administrative fee is November 10, 2019.  

 The proposed rule adds bail payments to the list of payments for which an administrative fee cannot be charged.

Public Hearing
Subject: 

Amendment of Credit Card Convenience Fee Rules

Public Hearing Date: 
Tuesday, August 27, 2019 - 11:00am
Contact: 

Joan Best (718) 488-2007

Location: 
Department of Finance hearing room
375 Pearl Street 30th Floor
New York, NY 10038