Misguided Interchange Bill Dies in Colorado Legislature

Posted by Katie March on April 28, 2025

The Senate Judiciary Committee voted today to postpone indefinitely House Bill 25-1282 – the bill limiting interchange revenue for credit unions. This action kills the bill for the remainder of the 2025 legislative session.

The bill was defeated when the Chair of the committee, Senator Julie Gonzales, called the bill back up for a vote knowing that it did not have the votes to pass. Understanding that a formal committee vote would fail, the Senate sponsors of the bill, Senators Lindsey Daugherty and Barbara Kirkmeyer, made a motion to postpone the bill indefinitely and the committee unanimously agreed to their motion.

Today’s outcome is a resounding success for the credit union movement and an exhibition of the hard work of the many dedicated advocates who worked on this bill. We would like to thank the many credit union advocates who showed up to testify, take meetings, send emails, make calls, and send Calls to Action to their staff.

That said our work is by no means finished.

Senator Mike Weissman, other committee members, and the bill sponsors all stated during the hearing that they hoped to work on the bill during the interim and bring another version back following a stakeholder process. They suggested that other states, including Illinois, may be able to give Colorado some direction on this type of legislation, and that they hoped to find a solution that would benefit small businesses. Credit unions will continue our advocacy work to educate legislators on this topic after session ends and be active participants in policy work on this topic during the interim.

Thank you all again for your engagement and delivering more than 2,400 emails regarding the Interchange bill, with many more personalized notes, phone calls, and in-person contacts.

Nine More Days Left in the Regular Session

Even though there are only nine days left in the regular session, we are still anticipating a packed agenda.

• There may be an artificial intelligence bill introduced as early as today that your GoWest team is engaged with to mitigate any potential adverse impacts to credit unions, but like last year, this bill is anticipated to move quickly and be very controversial.
• The Financial Literacy Bill, which the Colorado GAC decided to take a “monitor” position on this year, passed the House today on a 45-19 vote. GoWest has been coordinating with the proponents behind-the scenes and monitoring the bill closely. The bill likely heads next to the Senate Education committee, where the vote will be tight, especially with such a short amount of time remaining in session.

Posted in Advocacy on the Move, Colorado Advocacy.