All work
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Op-Ed
The Corner Post ruling on debit interchange fees is unfair to banks
The 8th Circuit’s ruling in Corner Post v. Federal Reserve Board ignores congressional intent, leaving banks unable to charge fees for reasonable expenses related to debit card transactions.
Originally published inAmerican Banker
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Policy Brief
Incremental Cost Has Multiple Meanings
The Eighth Circuit said “incremental cost” has one well-understood meaning, marginal cost; economics and federal rate regulation use the term in several senses, including one that spreads a service’s own fixed costs across its units.
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Policy Brief
Let Homebuyers Compare
Lead generation can widen access to luxury homes and the broader market, while clear disclosure preserves seller choice and makes pricing history meaningful.
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Op-Ed
Diesel Is Driving the Affordability Debate. A Rail Merger Could Help.
With Election Day a week out, voters keep telling pollsters the same thing: Prices are too high. Eighty-four percent of registered voters in a new AP-NORC poll called the cost of living one of the most…
Originally published inDC Journal
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Policy Brief
Transmission Without Representation
The Senate permitting bill would vastly expand the Federal Energy Regulatory Commission’s power, letting unelected federal regulators site transmission lines over state, local and community objections, and could shift the cost of blue-state renewable mandates onto…
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Policy Brief
The Tri-Merge Standard: Credit Reporting and Mortgage Market Safeguards
Lower credit-reporting fees improve affordability only if the savings survive their effects on mortgage eligibility, loan pricing, and risk.
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Press Release
SPPI Urges Review After Eighth Circuit Strikes Down Debit Card Fee Cap
SPPI, which filed an amicus brief supporting the Federal Reserve, points to the pending Linney’s Pizza appeal
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Policy Brief
The Debit Card Cap Goes Back to the Fed
The Eighth Circuit has set aside the Federal Reserve’s 21-cent debit card fee cap and ordered a rewrite built on marginal cost, a conflict with the D.C. Circuit that a ruling for the Board in Linney’s…
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Op-Ed
Why is Oklahoma making an example of an insurer that pays its claims?
Captive insurance is an industry states compete for, and Oklahoma wrote a law to get its share. One company came. Universal Casualty Risk Retention Group, chartered in 2017 and owned by the transportation businesses it insures,…
Originally published inThe Journal Record
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Policy Brief
Rent-Pricing Bans Won’t Build Homes
Antitrust law already reaches landlords who coordinate rents through shared software; what has brought rents down is new housing, which a ban does not add.