Banking Law

Visa Dropping Plaid Deal Eases Other Regulatory Risk, Cowen Says

Jan. 14, 2021, 1:51 PM

Visa’s decision to drop its Plaid acquisition lowers the risk the government will seek to tackle interchange regulation, which is good for both Visa and Mastercard, Cowen’s Jaret Seiberg wrote in a note.

  • A trial would have brought testimony about how Visa charges for debit interchange services, along with questions about why those prices aren’t lower, which would have offered retailers “ammunition” to revive their push for more rules, he said
    • He’ll watch whether House Financial Services Chair Maxine Waters and Sen. Sherrod Brown follow up, and for whether Democrats put fintechs on their agenda
    • Seiberg added that...

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