November 07, 2009
The Consumer Financial Protection Agency and the Hazards of Regulatory...
The United States is in the midst of an important debate about how best to protect consumers of financial services and products. The Administration has proposed the creation of a...
November 07, 2009
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. After all, the mission...
November 07, 2009
The Consumer Financial Protection Agency: Sorting the Critiques
Summary 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...
November 07, 2009
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...
November 06, 2009
Mobile App Wars’ Impact on the Payments Biz
The application wars in the mobile phone business are heating up. They will result in significant threats and opportunities for the payments biz. Just recently the Apple iPhone topped more...
November 04, 2009
How Credit Card Reform Impacts What’s Next in Payments
I was recently quoted in a Business Week article on October 29th, “Interchange Fees Make Strange Bedfellows” by Brian Burnsed. Here’s an excerpt: In the latest round of credit-card reforms, issuers and...
November 01, 2009
Price Discrimination and Welfare
Barry Nalebuff, Nov 01, 2009 Elhauge (2009) provides a wide-ranging article that is impressive both in its clarity and its holistic attack on the practice of bundling and tying. In...
November 01, 2009
Can Bundled Discounting Increase Consumer Prices Without Excluding Rivals?
Daniel Crane, Joshua Wright, Nov 01, 2009 Since we abhor suspense, we will quickly answer the question our title poses: No. As a general matter, bundled discounting schemes lower prices...
November 01, 2009
No Single Monopoly Profit, No Single Policy Prescription?
Harry First, Nov 01, 2009 Professor Einer Elhauge´s most recent article, Tying, Bundled Discounts, and the Death of the Single Monopoly Profit Theory, begins with a critique of the thrall...