Articles written by Sen. Mark Noland

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  • Consumers will be the losers with new regs on credit cards

    Sen. Mark Noland, R. Bigfork|Sep 21, 2023

    The federal Credit Card Competition Act of 2023 (CCCA) has been touted as a means to reducing the credit card interchange fees businesses pay to process credit card transactions. But as can often be the case, government schemes to intervene in free-market transactions inevitably create distortions, misaligned incentives, and unintended consequences. Unfortunately, the CCCA would create more problems than it purports to solve. Interchange fees aren’t just arbitrary costs. They cover a plethora of services: fraud protection, transaction f...