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The International Center for Law & Economics is a nonprofit, nonpartisan research center. Working with a roster of more than fifty academic affiliates and research centers from around the globe, we develop and disseminate academic output to build the intellectual foundation for rigorous, economically-grounded policy.

ICLE on Rewards Cards

RealClearMarkets  – An ICLE report on payment-network interchange fees and rewards-card programs was cited in a RealClearMarkets op-ed about potential credit-card regulations. You can read full piece here.

As the International Center for Law & Economics points out, “Every rewards card, from airlines to entertainment, would likely disappear.”

…Government regulation of the credit card market will significantly harm lower-income Americans. Lower-income Americans use rewards cards. According to the International Center for Law & Economics, “86% of credit cardholders have active rewards cards, including 77% of cardholders with a household income of less than $50,000.”