State Regulation of Interchange Fees
Executive Summary Payment cards generate significant benefits for both merchants and consumers. Consumers benefit from convenience, security, and rewards. Merchants benefit from enhanced security, as . . .
Europe Should Build AI Leverage, Not an AI Wall
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Preemptive Digital-Platform Rules Are Not Good Competition Policy, But They Were Never Meant to Be
Inspired by the European Union’s Digital Markets Act (DMA), a growing number of jurisdictions around the globe either have adopted or are considering adopting frameworks . . .
Blackout Rebates: Tipping the Scales at the FCC
Cable and satellite programming blackouts often generate significant headlines. While the share of the population affected by blackouts may be small—bordering on minuscule—most consumers don’t . . .
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Europe Should Build AI Leverage, Not an AI Wall
At a signing ceremony at the US State Department on June 23, the European Union formally joined “Pax Silica”, the US-led effort to secure artificial-intelligence . . .
California’s COMPETE Act: A return to the era of ‘worthy men’ antitrust
California lawmakers are on the verge of resurrecting a long-buried antitrust philosophy—one that once punished consumers in the name of protecting “worthy men.” Assembly Bill . . .
Banks Needlessly Endure Regulations From a Bygone World
This summer, soccer fans from around the world will pour into SoFi Stadium in Los Angeles. In New York, they can catch a Mets game . . .
Eliminate ‘Personal Pricing’ and You Risk Harming Consumers
The latest consumer protection crusade across the US has an odd target in its sights: discounts. Earlier this month, the New York State Legislature passed . . .
EU’s AI Sovereignty Between Mythos and GLM 5.2
According to the Silicon Valley creed, artificial intelligence will cause the near future to be weird. In what way? This is often left a bit vague. . . .
Au Nom de Sa Souveraineté Technologique, l’Europe Prépare Sa Servitude Numérique
La Commission européenne a dévoilé le 3 juin dernier son « paquet pour la souveraineté technologique » : une série de mesures visant à réduire . . .
When the Card Declined Abroad Is a Policy Failure
Every business traveler has been there. You arrive late in a foreign city, hand your passport and credit card to the clerk at the hotel . . .
Bank Asset Thresholds Are Warping America’s Financial System
Sens. Ted Cruz (R-Texas) and Katie Britt (R-Ala.) have introduced a modest but sensible fix to one of Washington’s many arbitrary financial-regulation cliffs.Their Community Bank . . .
In Florida, the AI Race and Data Centers Meet Hurricane Season
The global AI race won’t be won in Silicon Valley alone. It may hinge just as much on whether places like Florida can keep the . . .