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Kondracke to Keynote Strategic Leadership Forum

Washington journalist and pundit Morton Kondracke will be the key note speaker at ETA's 2010 Strategic kondracke_webLeadership Forum, October 26-28 at the Breakers in Palm Beach, FL. His presentation will focus on events in the capital that could affect the payments industry as well as the likely impact of the 2010 mid-term Congressional elections.

Over a span of 45 years, Kondracke has covered nearly every phase of American politics and foreign policy – in newspapers and magazines, on TV, radio, and the Internet.

Since 1991, Kondracke has been the Executive Editor of Roll Call, Capitol Hill’s leading newspaper. He writes “Pennsylvania Avenue,” a weekly column on national politics and foreign policy, syndicated through United Features Syndicate and carried regularly on Realclearpolitics.com.

Kondracke is a regular commentator on the Fox News Channel, serving as an “All Stars” panelist on Special Report. He was co-host of The Beltway Boys from 1998 through 2009. Prior to that, Kondracke was an original member of The McLaughlin Group, a 16-year regular on the NBC/PBS public affairs show. For four years starting in 1984, he was a panelist on This Week with David Brinkley (ABC).

His extensive print experience includes positions as a writer, senior editor and executive editor of The New Republic (1981-97). Kondracke also served as the Washington Bureau Chief for Newsweek (1985-86); a columnist for the Wall Street Journal (1980-85) and United features Syndicate (1983-85); and reporter, Springfield (IL) bureau chief and White House correspondent for the Chicago Sun-Times (1963-77).

Each year, the Strategic Leadership Forum brings together industry leaders and top executives and managers for two days of high-level strategic discussions and presentations that focus on topics from payment industry dynamics to technological innovation to critical business issues.

 

To register or get more information, visit the Strategic Leadership Forum site .

 

 

Senate Passes Financial Reform Bill
UPDATE: July 21, 2010 - President Obama signed the Dodd-Frank Wall Street Reform Legislation in a White House ceremony today.

capitolThe U.S. Senate has passed financial services reform legislation — which includes the Durbin amendments that affect interchange fees on debit card transaction — by a 60-39 margin. Earlier in the day, a threatened filibuster on the bill was derailed by a 60-38 vote.

President Obama is expected to sign the bill next week.

ETA Chief Executive Officer Carla Balakgie issued the following statement after the bill passed:

"While passage of the Dodd-Frank bill was expected, ETA is disappointed that Congress chose to use this measure as a way to interfere in the commercial contracts between merchants and the institutions that provide full access to electronic payments that consumers clearly want to utilize. ETA will continue to oppose attempts by Congress to impose unnecessary regulation on private business relationships — on its own and in partnership with the rest of the payments industry."
Senate Delays Gift Card Rules
capitolThe U.S. Senate Tuesday approved legislation delaying the implementation of some of the provisions of the Credit Card Accountability Responsibility and Disclosure Act, that would have outlawed millions of unsold but manufactured gift cards.

The bill applies to gift cards produced before April 1, and delays a requirement that such cards prominently display expiration dates and other information on the actual card.

The Network Branded Prepaid Card Association had sought the delay, arguing that requirements pertaining to the display of expiration dates would result in more than a hundred million gift cards having to being scrapped.

Other gift card requirements established by the Federal Reserve, per the CARD Act will still go into effect Aug. 22 as planned.
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