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« Scribble Scrabble, the Second Amendment, and Historical Guideposts: A Short Reply to Lawrence Rosenthal and Joyce Lee Malcolm | Main | The Constitutional Politics of the Tea Party Movement »

March 09, 2011


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An excelent research to this field. Thanks for sharing.

Jay Gould

A few months ago, AT&T blamed the Durbin Amendment to the Dodd-Frank bill for the failure of the Isis, the mobile payments start-up it co-created with Verizon and T-Mobile, to function as initially planned (

"Some changes in the banking laws occurred with the amendments that were put in with the Dodd-Frank bill … As transaction fees were limited and things were changed, it kind of changed the business model," an AT&T executive said.

Of course, it was more of a case of ignorance on the part of the start-up's founders of how the payment card industry works or overoptimism about the cost and time frame for such a huge system to be put in place.

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