Can TCF Stop Durbin?

Last week we heard how TCF planned to stop Durbin dead in its tracks. Not so says the National Retail Federation’s lead lawyer Mallory Duncan. For another take on TCF’s legal gambit we talk to him and legal expert Ron Mann.

In this exclusive NEXTcast interview, David S. Evans of Market Platform Dynamics moderates a debate between Mallory Duncan, SVP, General Counsel at the National Retail Federation, and Ron Mann, Professor of Law at Columbia University. The trio tackle the TCF’s case, ponder if there will be more lawsuits and offer their predictions for the new debit card interchange fees.

Read the transcript here


Executive Bios


Ron Mann is one of the leading global authorities on the law and economics of payments. He has authored numerous authoritative books and articles on the law of payments including Payments Systems and Other Financial Transactions.  He is a Professor of Law at Columbia University.

Mallory Duncan serves as Senior Vice President, General Counsel for NRF. He is responsible for coordinating strategic legislative and regulatory initiatives involving customer data privacy, bankruptcy, fair credit reporting and truth-in-lending.

Prior to joining NRF, Duncan served as corporate counsel in the Washington office of J. C. Penney Company, Inc., where he advised stores and headquarters on federal and state legislative and regulatory issues. Duncan was an attorney advisor in the Office of Policy Planning at the Federal Trade Commission and was previously associated with the law firm of Sutherland, Asbill & Brennan.

He has served on the boards of several non-profit organizations throughout his legal career, including the National Hospice Foundation. His publications include the Federal Trade Commission’s Policy Guidance on Civil Penalties and co-authorship with Anne P. Fortney of “Fair Credit Reporting Act Creates New Duties for Employers,” Credit World, May/June 1998.

Duncan is a graduate of Pomona College and Yale Law School.