Oct 25 2022
Todd Zywicki
Todd Zywicki

Todd J. Zywicki is George Mason University Foundation Professor of Law at George Mason University Antonin Scalia School of Law, Senior Fellow of the Cato Institute, and former Executive Director of the GMU Law and Economics Center.

Julian Morris
Julian Morris

Before joining ICLE, Julian was Vice President of Research at Reason Foundation. Prior to that he was Executive Director of International Policy Network, a London-based think tank which he co-founded.

Kristian Stout
Kristian Stout

Kristian Stout, ICLE’s Director of Innovation Policy is an expert in intellectual property, antitrust, telecommunications, and Internet governance.

Data Security
Financial Regulation

Data Security Financial Regulation Payments & Payment Networks

This is a past event

Should Congress Swipe Left on the Credit Card Competition Act?

Oct 25, 2022   02:00pm EST   Webinar

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Senators Richard Durbin (D-Ill.) and Roger Marshall (R-Kan.) recently introduced the Credit Card Competition Act, which would effectively enable merchants to route credit card transactions over a network other than the main one affiliated with the card. The sponsors say that this will increase “competition” and reduce costs for merchants, who will pass on the savings to consumers.

But are Durbin and Marshall being overly optimistic? Have they perhaps missed some predictable but unintended consequences that might cause their act to harm rather than help consumers?

We hope you will join our esteemed colleagues Julian Morris and Todd Zywicki for a timely discussion of this proposed legislation.