The CUPP | Episode 11: Interchange Legislation and Market Competition with Professor Todd Zywicki

Released January 18, 2023 | Join Professor Todd Zywicki for a discussion of the history of the Durbin Amendment to the Dodd-Frank Act, which established the interchange price caps, the recent Credit Card Competition Act, and an overview of the market for credit cards and consumer payments.   

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Key Takeaways

  • Understand the history and rationale for the interchange price caps, the messaging behind the merchants’ advocacy efforts, and what led to the introduction of the Credit Card Competition Act.  
  • Learn about the role of the Federal Reserve’s new final rule on Regulation II debit card routing provisions.   
  • Discover the extent of competition in the credit card market, challenges for issuers and consumers, and ways forward that do not involve increasing burdens on credit card issuers. 

Presented By

Ann Petros, Vice President of Regulatory Affairs, NAFCU
Ann Petros, Vice President of Regulatory Affairs, NAFCU

Ann Petros was named Vice President of Regulatory Affairs in October 2021. In her role, Petros oversees NAFCU’s advocacy on various regulatory developments from federal agencies, including the National Credit Union Administration, the Consumer Financial Protection Bureau, and the Federal Housing Finance Agency. Petros joined NAFCU in June 2016 as a regulatory affairs counsel and was promoted to senior regulatory affairs counsel in June 2018. Since starting at NAFCU, Petros has led the association’s advocacy on housing finance issues as well as Federal Communications Commission regulations implementing the Telephone Consumer Protection Act.

Todd Zywicki
Todd Zywicki

Todd Zywicki is George Mason University Foundation Professor of Law at George Mason University Antonin Scalia School of Law, Research Fellow of the Law & Economics Center, and former Executive Director of the GMU Law and Economics Center.