The Federalist Society

Credit Card Regulation - Event Audio/Video

Financial Services and E-Commerce Practice Group

May 20, 2008

Thomas A. Durkin, Oliver I. Ireland, Adam J. Levitin, Todd J. Zywicki, Andrew Cochran

2008 Consumer Credit Protection Conference

The following audio and video were recorded on May 20, 2008.


Congress and many consumer activist groups have called for closer regulation on the terms of credit cards. In particular, there have been calls to place price caps on certain fees, including overlimit fees, late fees, and the like. There have also been calls for stricter regulation of credit card marketing, such as marketing to college students. Likewise, there have been calls for specific regulation of certain practices, such as cross-default clauses in credit card contracts. Last year the Federal Reserve issued a long-awaited and lengthy set of proposed amendments to Regulation Z implementing the Truth in Lending Act. What would be the likely the effects of these regulations on consumer protection and competition in the credit card industry?

Credit Card Regulation 5-20-08
Running Time: 01:25:39
[ Full Audio]

12:00 noon - 2:00 p.m.
Panel II: Credit Card Regulation

  • Mr. Thomas A. Durkin, Financial Services Research Program, George Washington University and former Senior Economist, Board of Governors of the Federal Reserve System 
  • Mr. Oliver I. Ireland, Morrison & Foerster LLP
  • Prof. Adam J. Levitin, Georgetown University Law Center
  • Prof. Todd J. Zywicki, George Mason University School of Law
  • Moderator: Mr. Andrew Cochran, Vice President, GAGE

National Press Club
Washington, DC

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