All Commentary
Tuesday, March 8, 2011

Banks, Merchants Lobby to Influence Debit-Card Rules


“The lobbying [over new rules for debit-card fees] has been intense over the last year with the card companies and banks hiring, among others, Sam Geduldig, a former adviser to Representative John A. Boehner, Republican of Ohio and the House speaker, and Regina Mahony, formerly a senior adviser to Representative Steny H. Hoyer, Democrat of Maryland, according to OpenSecrets.org, which tracks lobbyists.” (New York Times)

The law of regulatory capture in action.

FEE Timely Classic
“Regulatory Failure by the Numbers” by Robert L. Bradley Jr. and Richard W. Fulmer