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22 Jul 2022, 8:55 am by Zak Gowen
      – For questions about this newsletter or its content, contact Kristian Soltes @ ksoltes@constantinecannon.com. [read post]
24 Jun 2022, 9:58 am by Zak Gowen
Legal and Regulatory Developments SPOTLIGHT: UK Watchdog to Review Post-Brexit Visa and Mastercard FeesReuters – June 21, 2022 Britain’s payment systems regulator (PSR) will conduct two market reviews of card fees charged by Visa and Mastercard, the U.S. companies that account for 99% of debit and credit card payments in the UK. [read post]
24 Jun 2022, 7:23 am by Anna Armstrong
Legal and Regulatory Developments SPOTLIGHT: UK Watchdog to Review Post-Brexit Visa and Mastercard FeesReuters – June 21, 2022 Britain’s payment systems regulator (PSR) will conduct two market reviews of card fees charged by Visa and Mastercard, the U.S. companies that account for 99% of debit and credit card payments in the UK. [read post]
10 Jun 2022, 7:22 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Lawmakers Seek to Push Antitrust, Privacy Bills as Big Tech Revamps Lobbying EffortsPYMNTS – June 10, 2022 Google, Meta, Amazon and Apple have been living for the last years with the threat of new legislation in the U.S. that could limit their ability to operate their platforms, and especially during the last 18 months since President Joe Biden took office. [read post]
1 Jun 2022, 8:43 am by luiza
Why stablecoins may struggle to challenge existing payment scheme Our Antitrust Week in Review Posts Contact Us Written by Kristian Soltes and Owen Glist Edited by Gary J. [read post]
1 Jun 2022, 8:43 am by luiza
Why stablecoins may struggle to challenge existing payment scheme Our Antitrust Week in Review Posts Contact Us Written by Kristian Soltes and Owen Glist Edited by Gary J. [read post]
26 May 2022, 8:58 am by Zak Gowen
Legal and Regulatory Developments SPOTLIGHT: CFPB Recasts Innovation Office to Emphasize CompetitionBanking Dive – May 25, 2022 The Consumer Financial Protection Bureau (CFPB) is leaving the sandbox and recasting its innovation efforts to emphasize its role in promoting competition. [read post]
6 May 2022, 9:14 am by Zak Gowen
Legal and Regulatory Developments SPOTLIGHT: Senators Grill Visa, Mastercard Execs Over Swipe FeesThe Hill – May 4, 2022 Senators on Wednesday scrutinized Visa and Mastercard for raising swipe fees on merchants, costs that they say will be passed down to consumers amid surging inflation. [read post]
22 Apr 2022, 6:18 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Lawmakers Seek to Cancel Card Fee IncreasesPayments Dive – April 21, 2022 A bipartisan group of four lawmakers implored Visa and Mastercard on Friday to cancel credit and debit card “swipe” fee increases planned for this month, warning them about practices that could raise antitrust concerns. [read post]
7 Apr 2022, 3:17 pm by Zak Gowen
Legal and Regulatory Developments SPOTLIGHT: Debit Card Antitrust Case Against Visa Revived, With New JudgeReuters – April 5, 2022 A U.S. appeals court on Tuesday revived an antitrust case against Visa Inc over debit card services and reassigned the dispute to a different Texas federal court, after criticizing the slow pace of the litigation and questioning whether the trial judge was biased against the plaintiff. [read post]
18 Mar 2022, 8:56 am by Zak Gowen
Legal and Regulatory Developments SPOTLIGHT: CFPB’s Chopra Blasts Potential Card HikesPayments Dive – March 14, 2022 The director of the Consumer Financial Protection Bureau said fee hikes by the card companies would add “insult to injury” at a time of inflation. [read post]
11 Mar 2022, 7:19 am by Zak Gowen
By Jeff Shinder and Kristian Soltes Antitrust enforcers need to upgrade their enforcement efforts to deal with the challenges of using a 19th Century statute to combat 21st Century digital tacit collusion. [read post]
4 Mar 2022, 9:57 am by Zak Gowen
Legal and Regulatory Developments SPOTLIGHT: Merchants Payments Coalition Launches Campaign to Fight Swipe-Fee Increase Slated for AprilConvenienceStore News – March 2, 2022 The Merchants Payments Coalition (MPC) has unveiled an advertising campaign to educate Congress and other policymakers on increasing the swipe fees credit card networks and big banks charge merchants to process transactions. [read post]
18 Feb 2022, 9:23 am by Zak Gowen
Legal and Regulatory Developments SPOTLIGHT: Visa Had a Monopoly on Payments at the Olympics for 36 Years. [read post]
17 Dec 2021, 11:17 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: UK Government Outlines Plans for Regulation of Buy Now Pay Later IndustryThe Spectator – December 15, 2021 The buy now pay later industry has exploded in recent years, with the industry now worth $100 billion (circa £70 billion). [read post]
17 Dec 2021, 11:17 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: UK Government Outlines Plans for Regulation of Buy Now Pay Later IndustryThe Spectator – December 15, 2021 The buy now pay later industry has exploded in recent years, with the industry now worth $100 billion (circa £70 billion). [read post]
3 Dec 2021, 9:49 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: 6 Ways the EU’s Digital Markets Act Will Change Big TechPYMNTS – November 29, 2021 The European Union’s Digital Markets Act is coming, and Big Tech will never be the same. [read post]
3 Dec 2021, 9:49 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: 6 Ways the EU’s Digital Markets Act Will Change Big TechPYMNTS – November 29, 2021 The European Union’s Digital Markets Act is coming, and Big Tech will never be the same. [read post]
12 Nov 2021, 10:36 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: If You Use Venmo, PayPal or Other Payment Apps This Tax Rule Change May Affect YouCNN – November 9, 2021 If you’re among the millions of people who use payment apps like PayPal, Venmo, Square, and other third-party electronic payment networks, you could be affected by a tax reporting change that goes into effect in January. [read post]