New Spelman College Study: Interchange Regulations Disproportionately Hurt Low-Income Families

Angelino Viceisza, Ph.D., recently released a study addressing the potential impacts of interchange regulation on the U.S. card industry, particularly payment and routing mandates. The stated purpose of the study is to “present potential implications of interchange regulations on lower interest cardholders, smaller merchants, and smaller banks.” Dr. Viceisza concludes that policymakers should refrain from extending interchange regulation to the U.S. credit card industry. Read the main takeaways from the study below.