June 2009
Monthly Archive
Impact of Financial Regulations Proposal on Payments
anandkgoel 17 Jun 2009 | : Analysis, Education, General
President Obama’s sent a draft proposal of new financial regulations to Congress today. This 85-page document outlines sweeping reorganization of financial-markets are supervised since the Great Depression. It will touch almost every facet of banking from “how mortgages are underwritten to the way exotic financial instruments are traded” according to Damian Paletta at the Wall Street Journal. Continue Reading »
New Fed Paper Examines Interchange from Economic and Policy Perspective
anandkgoel 12 Jun 2009 | : General
If you really want to understand the economics of the payments industry,specifically Interchange, this recent Fed paper offers a good historical perspective from a economic, social, and policy perspective from viewpoint of all impacted parties – consumers, banks, and merchants. Â Read the paper here.
Impact of Credit Card Act on Businesses
anandkgoel 06 Jun 2009 | : Analysis, Education, General, Published Articles
President Barak Obama signed into law on May 22, 2009, the Credit Card Accountability Responsibility & Disclosure Act. This sweeping legislation has significant implications for consumers, banks, and many businesses who issue gift cards.
