December 18, 2009

Who decides how much to pay?

Todd Henderson
What is the proper role for judges in deciding how much investment advisers to mutual funds should be compensated? This is the question the Supreme Court will answer in Jones…
December 16, 2009

Another Mis-step in Reactionary Regulation

Michael Sykuta
Today’s Wall Street Journal reports that Senators Cantwell and McCain are preparing legislation to reinstate Glass-Steagall-type restrictions to create a “firewall” between commercial and investment banks. Apparently Rep. Hinchey is…
December 14, 2009

Not Going Anywhere For A While?

Joshua Wright
Try reading H.R. 4173.  All 1300 pages of it.  The portion of the bill creating the Consumer Financial Protection Agency starts around page 665 for those keeping score at home.Posted…
December 10, 2009

Symposium Wrap Up

Geoffrey A. Manne
Thanks to all of our participants and readers for the blog symposium–both the posts and the comments were engaging and thoughtful, and I hope these entries will be helpful in…
December 9, 2009

Welcome to Day Two

Geoffrey A. Manne
The Law and Economics of Interchange Fees and Credit Card Markets Welcome to day two of of our two-day symposium on the law and economics of interchange fees and credit…
December 9, 2009

Surcharging and Honor-All-Cards

Bob Chakravorti
Disclaimer: These views are my own and not those of the Federal Reserve Bank of Chicago or the Federal Reserve System.  Much of this discussion is taken from my paper…
December 9, 2009

Competitive Payments

Ronald Mann
Most of the discussion related to pricing at the point of sale has emphasized the “cross-subsidy” between those that pay with cash and checks and those that pay with credit…