Consultant, Duncan McDonald
Member of the Law Council
Duncan MacDonald is an independent consultant to financial institutions, corporations, and think tanks on payments, privacy and data protection, alternate dispute resolution, bankruptcy, class action reform, antitrust, joint venture, plain language, and constitutional issues. He has worked at Citibank for 26 years and was General Counsel of its Card Products for Europe and North America. Mr. MacDonald managed all legal matters for the firm's private label and bankcard programs. He is also an author of articles on much of the foregoing for various publications. Mr. MacDonald is on the Boards of Good Shepherd Services, Indiana University Law School and Privacy & American Business, as well as Fellow of the American Bar Foundation and a Member of SCRIBES. (This is me - Update Profile)
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Populist Politics Threaten Card Industry Recovery & Survival
November 19, 2009
Duncan MacDonald, Consultant, Duncan McDonald
US Credit Card Sector Faces Punitive Hostility | www.ft.com
The letter in today's FT (I am one of the authors) questions whether new and proposed legislation by Congress can kill the credit card industry.
Retail discounts won't revive our economy
November 9, 2009
Duncan MacDonald, Consultant, Duncan McDonald
Catering to the Recession Mentality | online.wsj.com
The article is about the struggle of retailers to lure consumers to stop worrying about the economy and start spending again. Their bait is aggressive discounting. The question not only is whether it will work but whether other factors will wipe out the best laid discounts.
Loss of arbitration of cardholder disputes could sink card industry
October 15, 2009
Duncan MacDonald, Consultant, Duncan McDonald
Turmoil in Arbitration Empire Upends Credit-Card Disputes | online.wsj.com
Although the article is about an investor's failed bet on arbitration of card disputes, the bigger fail will belong to the card industry -- the 1 billion bank and private label cards held by 200 million consumers. Issuers of those cards have all but lost the right require arbitration and the enormous...
Threats to make CARD Act worse and to regulate interchange fees
October 6, 2009
Duncan MacDonald, Consultant, Duncan McDonald
Banks Face Pressure to Bend on New Agency - American Banker Article | www.americanbanker.com
The article is about the wrangling in Congress to enact a so-called "Consumer Protection Agency." But it carries a threat to bankers. If they don't stop trying to block a CPA, Congress will enact piecemeal bills that will prevent card issuers from being able to reprice in response to the CARD Act...
| Study Group Name | No. Members |
|---|---|
| Bankruptcy Experts: Lawyers (US) | 71 |
| Bankruptcy Experts: Lawyers (EU) | 70 |
| Class Action Experts: Lawyers (US) | 47 |
| Banking, Insurance, and Financial Institution Experts: Lawyers (US) | 190 |
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