digital payments, payment systems, FinTech, financial innovation, Supreme Court

Yesterday, the Supreme Court ruled that credit card provider American Express’ long-standing policy of including anti-“steering” clauses in its contracts with merchants was not anti-competitive. Steering is the practice whereby merchants discourage customers from paying with comparably high-cost cards like Amex and to use Visa or Mastercard…

Constitutional Money, Gold standard, McCulloch v. Maryland, Richard Timberlake, Supreme Court

(In honor of Constitution Day, September 17th — which is observed today — we are reprising this post from April 26th, 2013, on CMFA Academic Advisor Richard Timberlake's book Constitutional Money.) That's what Dick Timberlake originally planned to call the fantastic book that Cambridge University Press has recently published…