Card giants Visa and MasterCard have been making headlines of late for introducing new software aimed at speeding up the checkout process for consumers using new chip-enabled or EMV (Europay, MasterCard, Visa) credit cards. While any effort by the major card brands to improve the process is welcome, these software fixes are more window dressing […]
The Bureau of Economic Analysis (BEA) released its first second quarter estimate of Gross Domestic Product (GDP) for 2016. The BEA’s report showed that the economy grew at an annual percent of only 1.2%. This comes after an anemic increase of only 0.8% during the first quarter of 2016 and a similarly weak growth estimate for the fourth quarter of […]
The CREATES Act, if enacted, would remove industry entry barriers, encourage market competition, bring lower cost drugs to market, and benefit patients. The following is the coalition letter send to the Senate Judiciary Committee (click here for a printable version): ————– July 12, 2016 The Honorable Chuck Grassley The Honorable Patrick J. Leahy Committee on the Judiciary United States Senate 224 […]
Today, the House Government Oversight Committee will be marking up a bill introduced by Chairman, Jason Chaffetz and the committee’s Ranking Member, Elijah Cummings that would provide an outsized bailout to the United States Postal Service on the backs of postal consumers. Since 2007, the U.S. Postal Service has generated $56.8 billion in financial losses […]
With FCC Commissioner Pia’s discovery that the current universal telephone service subsidy may contain one-half billion in waste, it is time for the FCC to rethink using this telephone subsidy as a model for broadband services. To read about this issue is detail, visit our piece in FORBES.
A few months ago, the FCC issued a Notice of Proposed Rulemaking (NPRM) on business data services — essentially, broadband-like services sold to businesses and enterprises, commonly referred to as special access services. In most instances, these business-to-business services are currently deregulated, so the notice came as quite a surprise to the industry. To justify its regulatory inquiry, the FCC released […]
This ConsumerGram looks at the impending surge in demand for senior housing in California and finds that policymakers need to take steps now to encourage investment by enacting policies that reduce the time and cost of development and make housing more affordable for seniors. Follow the links to read the entire ConsumerGram or ACI’s news release.
Today marks the deadline for filing comments into the Federal Communications Commission’s (FCC) docket on Broadband Privacy. Based upon the language in their proposed rules, the Commission would like the American public to believe that they have a clear path forward to adequately protect consumer data online. This could not be more false. As I […]
Last year, ACI’s Alan Daily wrote two pieces on patent trolls and how these trolls were “shopping” courts to find forums with better legal outcomes. Today, a broad coalition of think tanks has sent a letter to the Senate Judiciary Committee in support of a bill that would curtail this “gamesmanship” and reduce abusive patent lawsuits. The letter is […]
The ongoing discord between retailers and the banking industry highlights the disagreement regarding payment cards and where the technology is headed. While the financial industry often deflects calls for improving credit card security by conjuring up the prospect of a mobile and biometric payment world, those days are too far from now for us to […]