Episode 298 - The Patchwork of Payments Regulation in the US, with Duncan Douglass, Alston & Bird LLP

Kicking off a series of regulation-related episodes, Duncan Douglass, payments attorney and Partner at Alston & Bird LLP, joins Chris Uriarte and Samantha Gordon to turn the confusing and sometimes tedious topic of US payments regulation into an entertaining and enlightening update. The conversation begins with who actually regulates payments in the US and how US payments oversight differs from the UK and EU, then flows into developments on current regulatory topics: Ongoing Reg II/Durbin litigation relating to interchange The Fed's 2023 proposed debit cap reduction Latest preliminary approval of the Visa/Mastercard merchant settlement Credit Card Competition Act's status Illinois's IFPA delay, and practical challenges of state-by-state rules Surcharging, and operational complexities across network rules and state laws GENIUS Act stablecoin issues Early rule questions around agentic commerce