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Interchange Legislation and Market Competition with Professor Todd Zywicki
Interchange Legislation and Market Competition with Professor Todd Zywicki
ratings:
Length:
42 minutes
Released:
Jan 17, 2023
Format:
Podcast episode
Description
Join Professor Todd Zywicki for a discussion of the history of the Durbin Amendment to the Dodd-Frank Act, which established the interchange price caps, the recent Credit Card Competition Act, and an overview of the market for credit cards and consumer payments.
Key Takeaways:
Understand the history and rationale for the interchange price caps, why merchants have been successful in their advocacy, and what led to the introduction of the Credit Card Competition Act.
Learn about the role of the Federal Reserve’s new final rule on Regulation II debit card routing provisions.
Discover the extent of competition in the credit card market, challenges for issuers and consumers, and ways forward that do not involve increasing burdens on credit card issuers.
Bio: Todd Zywicki
Todd Zywicki is George Mason University Foundation Professor of Law at George Mason University Antonin Scalia School of Law, Research Fellow of the Law & Economics Center, and former Executive Director of the GMU Law and Economics Center.
Key Takeaways:
Understand the history and rationale for the interchange price caps, why merchants have been successful in their advocacy, and what led to the introduction of the Credit Card Competition Act.
Learn about the role of the Federal Reserve’s new final rule on Regulation II debit card routing provisions.
Discover the extent of competition in the credit card market, challenges for issuers and consumers, and ways forward that do not involve increasing burdens on credit card issuers.
Bio: Todd Zywicki
Todd Zywicki is George Mason University Foundation Professor of Law at George Mason University Antonin Scalia School of Law, Research Fellow of the Law & Economics Center, and former Executive Director of the GMU Law and Economics Center.
Released:
Jan 17, 2023
Format:
Podcast episode
Titles in the series (25)
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