Antitrust Group

Payments News Update – November 3, 2023

Legal and Regulatory Developments SPOTLIGHT: BNPL, EWA Bills Surface at House Hearing Payments Dive – October 26, 2023 A House Financial Services subcommittee has drafted legislative proposals related to earned wage access and the buy now, pay later market. The legislative proposals emerged at a Wednesday hearing of the Subcommittee on Digital Assets, Financial Technology and Inclusion, titled “Modernizing...

Constantine Cannon's David Golden recently co-moderated an ABA “Trust and Trade” podcast.

Constantine Cannon's David Golden recently co-moderated an ABA “Trust and Trade” podcast on the Shipping Act antitrust exemption. Look around you - almost everything in your home or office was once on an ocean shipping vessel. Yet this essential area of commerce continues to enjoy one of the oldest exemptions from US antitrust law. Does this loophole keep prices low for consumers? Or does it raise prices for...

Payments News Update – October 27, 2023

Legal and Regulatory Developments SPOTLIGHT: Fed Proposes Reduction in Debit Fee Cap Payments Dive – October 25, 2023 The Federal Reserve Board voted Wednesday in favor of a proposal that would cut a cap on the interchange fee that debit card issuers can charge merchants to process a transaction. The proposal would lower the base debit fee rate by about 30% to 14.4 cents from 21 cents, according to a proposal...

2023 Draft Merger Guidelines: A Conversation with Professor Thomas Greaney

Antitrust Matters provides engaging and timely conversations about competition policy in the digital age. Antitrust has always mattered to consumers and businesses, and to antitrust lawyers and economists, but today it also is in the political and public discourse more than ever. From the prices we pay for food, travel, financial services, payments to the way we interact daily using digital apps and platforms,...

Payments News Update – October 20, 2023

Legal and Regulatory Developments SPOTLIGHT: Fed to Propose Lowering Debit-Card Swipe Fees The Wall Street Journal – October 17, 2023 (subscription required) The Federal Reserve is preparing a proposal that would lower the fees merchants pay to many banks when consumers shop with debit cards. Today, merchants pay large card issuers 21 cents plus 0.05% of the transaction amount, the level set by the Fed in...

Payments News Update – October 13, 2023

Legal and Regulatory Developments SPOTLIGHT: Australia Unveils Draft Law to Regulate Digital Payment Providers Reuters – October 10, 2023 The Australian government said on Wednesday it planned to introduce laws that would empower the central bank to regulate digital wallet providers including Apple Pay (AAPL.O) and Alphabet's (GOOGL.O) Google Pay. Apple Pay, Google Pay and China's WeChat Pay, which have...

Payments News Update – October 6, 2023

Legal and Regulatory Developments SPOTLIGHT: Supreme Court to Consider Debit Fee Case Payments Dive – September 29, 2023 The Supreme Court on Friday granted a petition from a group of North Dakota merchants who brought a case against the Federal Reserve Board in 2021 over the central bank’s setting of a debit card fee cap. The merchants’ petition for review isn’t with respect to the merits of the...

Constantine Cannon's Wyatt Fore Honored in a Category for the 2023 Antitrust Enforcement Awards by the American Antitrust Institute

Constantine Cannon is pleased to announce that the American Antitrust Institute has honored Wyatt Fore for its 2023 Antitrust Enforcement Awards in the category of “Outstanding Antitrust Litigation Achievement by a Young Lawyer.”  AAI’s Antitrust Enforcement Awards recognize leading practitioners and economists, and recipients will be honored at the AAI Awards Night on November 2, following AAI’s Annual...

Inside the 2023 Draft Merger Guidelines: A Conversation with Michael Kades

Antitrust Matters provides engaging and timely conversations about competition policy in the digital age. Antitrust has always mattered to consumers and businesses, and to antitrust lawyers and economists, but today it also is in the political and public discourse more than ever. From the prices we pay for food, travel, financial services, payments to the way we interact daily using digital apps and platforms,...