The Archives

Everything written by Tom Brown on law, economics, and more

Tom Brown

Tom Brown is partner and general counsel with Nyca Partners. Immediately prior to joining Nyca, he was the co-chair of the fintech practice and chair of the competition practice at Paul Hastings, where he remains a policy advisor.

He had earlier held partnerships with O'Melveny & Myers and Heller Ehrman; was an adjunct professor at the University of California at Berkeley School of Law; and clerked for the Hon. Diane P. Wood of the 7th U.S. Circuit Court of Appeals. He started his career defending Visa from antitrust attack and went in-house at Visa, where he served as the catalyst for the company’s reorganization and public offering.

He is a member of the American Law Institute and the editorial board of the ABA’s Antitrust Law Journal. He graduated from the University of Chicago Law School and has an undergraduate degree from Columbia University.

Posts

Tom Brown on Camel Spotting — Is Behavioral Economics Really Beyond Redemption?

Tom Brown Dec 07, 2010

At the outset let me thank our hosts for inviting me to participate in what I have come to think of as Truth On The Markets’ annual symposium on topics of particular interest to me. Last year at roughly this same time, TOTM sponsored a symposium on what many surely regarded as an obscure topic, ... Tom Brown on Camel Spotting — Is Behavioral Economics Really Beyond Redemption?

CFPBEconomics

Debunking the ‘Cross-Subsidy’ Theory

Tom Brown & Timothy J. Muris Dec 09, 2009

In our earlier post, we observed that the GAO report on interchange got off on the wrong foot when it concluded that interchange fees were rising.  We infer from the silence which greeted our post that everyone agrees with this criticism.  Indeed, yesterday’s posts and comments appear to agree that the GAO’s report does very ... Debunking the ‘Cross-Subsidy’ Theory

EconomicsFinancial RegulationPayments & Payment Networks

Interchange Fees Are Not Rising: Correcting the GAO Report

Tom Brown & Timothy J. Muris Dec 08, 2009

Next summer, the World Cup, the world’s most watched sporting event, marks its quadrennial return.  Although thirty-two teams will compete in South Africa, the list of favorites begins with the two teams that have won half of the previous eighteen tournaments and three of the last four—Brazil and Italy.  Brazil plays an open and flowing ... Interchange Fees Are Not Rising: Correcting the GAO Report

Financial RegulationPayments & Payment NetworksPlatforms