Interchange Legislation and Market Competition with Professor Todd Zywicki

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, the messaging behind the merchants' advocacy efforts, 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.