In a reflection of fears that big-box retailers will start freezing out community banks, the state of Texas has barred merchants from imposing surcharges when customers use their debit cards.

The ban, signed into law by Gov. Rick Perry on June 14, is the latest fallout from the 2010 federal law that shook up debit card pricing. It follows new rules from Visa (NYSE: V) that are expected to help retailers and big banks, and could prompt other states to consider barring surcharges.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.