Category Archives: Public Policy: Legislation

Reforming the Reform

Reforming the Reform Two years after the passage of the Dodd-Frank Act, both sides of the aisle can agree that the law is in need of some vast improvements. On July 21, the Dodd-Frank Act (DFA) will pass the two … Continue reading

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BITS President Leigh Williams Discusses Cybersecurity

BITS President Leigh Williams spoke to NPR Tuesday morning regarding industry support for the White House cybersecurity proposal and the need for a comprehensive approach to cybersecurity legislation. The Administration’s comprehensive proposal for cybersecurity is an excellent opportunity to bring multiple industries, multiple … Continue reading

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Bartlett/Dalton Letter to Gang of Six on Deficit Reduction

May 3, 2011 Dear Senators Chambliss, Coburn, Conrad, Crapo, Durbin and Warner: We strongly support your efforts to develop a bipartisan deficit reduction plan that will put our Nation on the path to long term fiscal responsibility and stability. We … Continue reading

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59 Members of Congress Sign on to Co-sponsor the Consumers Payment Systems Protection Act

Below is the current list of House cosponsors of H.R. 1081, the Consumers Payment Systems Protection Act, sponsored by Rep. Shelley Moore Capito (R-WV). As of today there are 59 overall cosponsors. Title: H.R. 1081, the Consumers Payment System Protection … Continue reading

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Bi-Partisan Support For Changes In Fed’s Proposed Debit Card Fee Rule Starting To Grow

The Federal Reserve’s proposal to price-fix the fee banks charge retailers when their customers pay for a purchase using a debit card is doing something that few other issues seem to be able to do these days – bring Republicans … Continue reading

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More Red Flags On The Fed’s Interchange Fee Proposal

I’ve posted about this before (here and here for example) but we now have more information about how the Fed-proposed price controls will hurt consumers and merchants alike.  The bottom line: Some consumers are likely to find that some of the services they have … Continue reading

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Unintended consequences of credit card regulation

Professor Todd Zywicki at the George Mason University School of Law makes a a number of good points in the Wall Street Journal about how new federal limits on credit-card issuers have forced more Americans to go to payday lenders, pawn shops and local loan sharks in order to get credit. Continue reading

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TARP Costs Continue To Fall As Financial Institutions Make Additional Repayments

Although it remains an emotional issue for many people, TARP – the Troubled Asset Relief Program enacted during the Bush administration – has actually been exceptionally – and unambiguously — successful.  Not only has it been one of the principal … Continue reading

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Americans Increasingly Using Debit Cards As Debit Card Fees Are About To Increase

The federal government is poised to impose price controls that will shift merchants’ operating costs for accepting debit cards to consumers. This will result in higher fees for consumers for debit cards at the same time that they are becoming … Continue reading

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Steve Bartlett: In Strong Defense of the Federal Reserve

As both a former Congressman, former owner of a small manufacturing company, and the CEO of the Financial Services Roundtable, I understand the value of price stability and full employment. I also fully understand that these goals cannot be reached through the politicization of the Federal Reserve and that the current debate, which has included both proposals to change the Fed’s mission and charges that border on demagoguery, runs the risk of compromising our central bank’s mission and weakening the economy. This absolutely cannot be allowed to happen. Continue reading

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