How Regulation Impacts the Payments Industry

The Effects of the Consumer Financial Protection Agency on Credit and Small Businesses
The undersigned small business groups are writing to express concern over the creation of a Consumer Financial Protection Agency (CFPA) contained in financial regulatory reform legislation under consideration by your Committee.

Don’t Kill Credit
Unemployment will be over 10 percent soon, the economy remains fragile, and despite bursts of optimism the recovery looks like it is going to be long and slow.

The Consumer Financial Protection Agency: Sorting the Critiques
The proposal to create a new agency to police consumer financial products has been the subject of much debate Dr. Bar-Gill sorts out and evaluates the different critiques levied against the proposed CFPA Act

Proposed CFPA Must Partner with States to Be Successful
From the perspective of local regulation and local law enforcement, the idea of a “new and improved” federal financial products regulator is generally met with skepticism.

The Consumer Financial Protection Agency and the Hazards of Regulatory Restructuring
The United States is in the midst of an important debate about how best to protect consumers of financial services and products.

The Good, the Bad and the Doubtful in Credit Card Reform
You can’t get a good understanding of the true impact of the cards legislation without a broader look at the historical context.

The Welch Interchange Fee Bill to Consumers
I recently testified before the House Committee on Financial Services on the “The Credit Card Interchange Fees Act of 2009” sponsored by Representative Welch.

Testimony before the House Committee on Financial Services on the “The Credit Card Interchange Fees Act of 2009”
David Evans Testimony before the House Committee on Financial Services on the “The Credit Card Interchange Fees Act of 2009”

Three Problematic Truths About the Consumer Financial Protection Agency Act of 2009
The creation of a new Consumer Financial Protection Agency (“CFPA”) is a very bad idea and should be rejected

Credit Where Credit Is Due
The credit card industry has few friends at the moment. The Credit Card Accountability Responsibility and Disclosure Act of 2009 recently signed into law by President Obama passed the House and Senate with broad bi-partisan support

The Effect of the Consumer Financial Protection Agency Act of 2009 on Consumer Credit
David S. Evans (University College London; University of Chicago Law School) and Joshua D. Wright (George Mason University School of Law) argue that the CFPA Act would harm the economy in the long run but more importantly it would impose yet another lead weight on an economy struggling to recover.

Video: What the CARD Act Means for the Payments Business
Victoria Strayer has served the financial services industry for 25 years as an Issuer, Acquirer, and processor. She has spent the last 12 years at TSYS leading various aspects of the business from operations to account management

Why Now Is Not the Right Time to Revamp Consumer Financial Protection
The following is based on remarks made by David S. Evans at the New York Federal Reserve Board-New York University Conference on Regulating Consumer Financial Products, January 6, 2010, New York, NY.