Study Group: Class Action Experts: Lawyers (US)
Council Members in this Study Group: 47
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.
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Leading Experts in this Study Group
- Duncan MacDonald
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...
- Andrew Ketterer
Principal
ANDREW KETTERER LAW FIRMAndrew Ketterer is an attorney with more than 30 years experience as a trial lawyer and specializes in state government relations. Mr. Ketterer is a former President of the National Association of Attorneys General (NAAG), where he was a member during...
GLG NewsSM Analyses by this Study Group's Leading Experts(?)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
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What GAO card study means to interchange legislation & NY lawsuit.
November 20, 2009
Analysis by: Duncan MacDonald, Consultant,GAO: Let Card-Fee System Stand | online.wsj.com
The GAO study of bankcard interchange fees is a mixed bag for the industry. It upholds the practice (in contradiction to the lawsuit against the practice in New York) but points to numerous ideas about how its excesses can be reduced. The latter could propel the Welsh bill in Congress toward enactment. It would allow merchant actions to pressure issuers to accept lower interchange fees. The study's ideas could also play a role in crafting a settlement of the NY suit.
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Populist Politics Threaten Card Industry Recovery & Survival
November 19, 2009
Analysis by: Duncan MacDonald, Consultant,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.
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Retail discounts won't revive our economy
November 9, 2009
Analysis by: Duncan MacDonald, Consultant,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.
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Loss of arbitration of cardholder disputes could sink card industry
October 15, 2009
Analysis by: Duncan MacDonald, Consultant,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 protection arbitration brings against class actions. With the NAF gone kaput and the AAA refusing to fill the void, issuers now face massive, potentially crippling new risks .
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Threats to make CARD Act worse and to regulate interchange fees
October 6, 2009
Analysis by: Duncan MacDonald, Consultant,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 and will regulate interchange pricing downward.
Members in this Study Group include these company types:
- Law Firm (general practice/large)
- Law Firm (Boutique / Specialized)
- Law firm (small / solo)
- Academic Institution*
- Individual Attorney
Members in this Study Group often have these job titles:
- Partner
- Attorney
- Principal