Debunking the "Cross-Subsidy" Theory
(NB: We have consulted with Visa U.S.A. Inc. on a variety of issues; the views expressed herein are our own.) 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 ... Debunking the "Cross-Subsidy" Theory
Interchange Fees Are Not Rising: Correcting the GAO Report
Thomas Brown is a partner in O’Melveny and Myers’ San Francisco office. Timothy J. Muris is Foundation Professor of Law at George Mason University School of Law and Of Counsel in O’Melveny & Myers’ Washington DC office. Next summer, the World Cup, the world’s most watched sporting event, marks its quadrennial return. Although thirty-two teams ... Interchange Fees Are Not Rising: Correcting the GAO Report
