Council Members in this Study Group: 70
This study group may include professors, attorneys, former regulatory officers, and consultants knowledgeable on topics such as law and litigation issues, lobbying, policy and government, elections, antitrust, immigration, intellectual property, and legislation, among others.
Leading institutions connect with members of this Study Group through GLG
Consultant
Duncan McDonald ![]()
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...
Bruno CovaPartner & Co-Chair, Milan Office
PAUL, HASTINGS, JANOFSKY & WALKER LLP ![]()
Bruno Cova is Co-Chair of the Milan office of Paul, Hastings, Janofsky & Walker, where he focuses his practice on mergers and acquisitions, securities law and corporate governance, energy matters, restructurings, and complex cross-border litigation. Previously, Mr. Cova was the Chief Legal Adviserto...
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
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...
Bankcard industry lobbies Congress to leave interchange fees alone
September 22, 2009
Duncan MacDonald, Consultant, Duncan McDonald
Lafferty Group - Interchange battle rages on | www.lafferty.com
The primary story here is not the card industry's standard defense of bankcard interchange fees. It is that Visa and industry trade associations are responding to the clear and present danger that an angry Congress is going to side with merchants by enacting a law to limit interchange fees. Their defense...