Indiana payments and fintech laws

What it would do: Prohibits permitted and foreign payment stablecoin issuers from paying interest or yield to holders. Requires Indiana licensing for payment stablecoin issuers and prohibits unlicensed providers from offering stablecoins beginning July 1, 2028. Establishes department oversight, examination authority, and civil and criminal penalties.

What it would do: Prohibits payment card networks from fixing interchange fees, using fee schedules based on other issuers' fees, charging percentage-based fees on taxes or regulatory fees, and distributing transaction data except for processing, fraud prevention, loyalty programs, product tailoring, or legal compliance. Creates a private cause of action for violations.

What it would do: Requires money transmitters to collect an international money wiring fee from senders of transactions to locations outside the United States, with fees of $5 for transactions up to $500 and $5 plus 1% of amounts exceeding $500. Provides an income tax credit to eligible U.S. citizens and permanent residents for fees paid, with revenue deposited in the state general fund.

What it would do: Establishes the offenses of gift card theft, a Class A misdemeanor (Level 6 felony if prior conviction), and gift card fraud, a Level 6 felony (Level 5 felony if prior conviction). Defines gift card, counterfeit gift card, and gift card redemption information.

What it would do: Requires money transmitters to collect international money wiring fees from senders ($5 for transactions up to $500, plus 3% of amounts exceeding $500), remit them quarterly, and allows a 0.73% collection allowance. Directs 20% to state general fund and 80% to community services fund for Medicaid waivers. Provides income tax credit to eligible individuals for fees paid.

What it would do: Expands the definition of firearm to include castings and products used in designing, manufacturing, assembling, or fabricating firearms or components. Prohibits financial services providers from refusing service, terminating relationships, or offering less favorable terms to firearms retailers solely based on their status, with exemptions for compliance with law or law enforcement requests.

What it would do: Expands the definition of electronic payment to include interactive voice response, digital wallets, and digital currency. Prohibits governmental bodies from entering into or renewing payment processing contracts after June 30, 2025 that allow charges to be passed to the person making the electronic payment.

What it would do: Requires payment card networks to exclude covered taxes and gratuities from interchange fee calculations for electronic payment transactions initiated after June 30, 2025, either by deducting these amounts at settlement or rebating the attributable fees. Imposes civil penalties up to $1,000 per violation and requires refunds of excess fees collected.