ICLE Research Cited by Competitive Enterprise Institute in Massachusetts Interchange Fee Comments
The Competitive Enterprise Institute cited ICLE research in regulatory comments on Massachusetts legislation that would prohibit credit card interchange fees. The comments drew on ICLE’s analysis of the disproportionate compliance burden such requirements place on small businesses relative to large retailers. The underlying research was conducted by Senior Scholars Julian Morris and Ben Sperry.
Read the full CEI comments here. Read the ICLE issue brief here.
Large retailers are generally better equipped to satisfy these requirements because they maintain sophisticated payment systems and dedicated compliance resources. Many small businesses do not. Instead, they depend on standardized payment software and outside vendors, which makes fixed compliance costs proportionally much larger.23