The Interchange Firebrand!

In an article in today's American Banker titled "Return of an Interchange Firebrand", Maria Aspan interviews Lloyd Constantine, the lead attorney who represented Wal-Mart and other merchants in the largest class action settlement in history involving debit card interchange fees.

Constantine's new book, Priceless: The Case that Brought Down the Visa/MasterCard Bank Cartel, was recently published by Kaplan and has been on the must read list for payments geeks like ourselves!

Aspan writes that Constantine finds current interchange-related lawsuits to be "lawyer-driven cases" - while his wasn't. As for the current legislative efforts in Congress to reform interchange, Constantine says he thinks those efforts are "well founded."