Coherent President Alan Frankel to Speak at Loyola Chicago Law Conference

Coherent President Dr. Alan Frankel will be speaking at the Conference on Consumer Finance Law Annual Consumer Financial Services Conference at the Loyola University Chicago School of Law this Thursday, May 30th. He will be participating in a panel discussion on developments in payment systems, including the Visa-MasterCard litigation and American Express Supreme Court opinion.


More information about the CCFL and the conference agenda can be found here:

Dr. Alan Frankel

Dr. Alan Frankel

Coherent Vice President Ann Hughes Publishes Article with ABA


Coherent Vice President Ann Hughes recently published an article titled “Documents Produced in Discovery That Can Inform an Assessment of Solvency” with the ABA’s Bankruptcy and Insolvency Litigation Committee. The article outlines which discovery documents can inform each of the 3 solvency assessments: the balance sheet test, the “ability to pay debts as they come due” test, and the minimum adequate capital test. These documents can be especially crucial for determining solvency contemporaneously for valuation dates between public filings or when public filings do not reflect facts known or knowable by relevant parties. The full article can be viewed here.

Coherent Economics Adds Three Experts in Banking, Payments, and Consumer Finance

Coherent Economics is pleased to announce the addition of three leading experts in banking, financial networks, payment systems, and consumer credit to its roster of affiliates. The experts are Dr. Sujit “Bob” Chakravorti, Dr. James “Jamie” McAndrews, and Dr. Scott Schuh. Dr. Alan Frankel, Coherent’s President and leader of its antitrust and financial institutions & payments practice groups, stated, “Coherent is thrilled to have these three leading experts in banking, regulation, payments, and consumer finance join Coherent as affiliates. Together, these experts significantly expand Coherent’s depth of experience and expertise in these areas.”   


Dr. Sujit “Bob” Chakravorti, Senior Affiliate

For over twenty years, Dr. Sujit “Bob” Chakravorti has been at the forefront of technological, economic, regulatory, and policy issues and debates surrounding payments and banking, most recently as an advisor to financial institutions, technology firms, policymakers, and FinTech startups.  He has served as Chief Economist at The Clearing House, the operator of the largest U.S. private sector payment system and, at the time, a trade association for the largest 24 commercial banks operating in the United States, and for many years before that as a senior research economist at the Federal Reserve Banks of Chicago and Dallas.  Prior to joining the Federal Reserve System, he worked at KPMG as an international economist advising foreign governments on financial market modernization.  Dr. Chakravorti received his PhD in economics from Brown University and his BA in economics and genetics from the University of California-Berkeley.


James “Jamie” McAndrews, Senior Affiliate

Dr. James “Jamie” McAndrews served for 28 years in the Federal Reserve System as an economist specializing in payment systems, money and banking. From 2010-16 he served as Executive Vice President and head of the Research and Statistics Group at the Federal Reserve Bank of New York. Dr. McAndrews was a member of the steering committee for the Federal Reserve System's Comprehensive Liquidity Analysis and Review (CLAR) from its founding in 2011 to 2016, and served as Associate Economist to the Federal Open Market Committee in 2012. He represented the Bank on a number of international committees devoted to retail and large value payments, funding liquidity, and monetary policy implementation. Mr. McAndrews played a prominent role in the New York Fed’s financial stability efforts, including contributing to the design of several liquidity facilities during the financial crisis.  Mr. McAndrews holds both a bachelor’s and a doctorate degree in economics from the University of Iowa.

Dr. Scott Schuh, Senior Affiliate


Dr. Scott Schuh served for 26 years as an economist in the Federal Reserve System at the Board of Governors and then the Federal Reserve Bank of Boston, where he served as the founding Director of the Consumer Payments Research Center.  Dr. Schuh led the creation and development of the Survey of Consumer Payment Choice and the Diary of Consumer Payment Choice. He also worked as a staff economist for President Reagan's Council of Economic Advisers.  Dr. Schuh’s research and teaching have focused on consumer payments, household finance, macroeconomics and monetary economics, with applications in econometrics, labor, and international economics. He currently teaches at West Virginia University, and has previously taught at Boston University, Boston College, and Johns Hopkins University. He received a B.A. in economics and journalism from California State University, Sacramento, and an M.A. and Ph.D. in economics from John Hopkins University.

For further information, contact Alan Frankel at

Dr. Frankel to Speak on the Supreme Court’s American Express Decision

Coherent President Dr. Alan Frankel will be speaking in a webcast titled “The Legal and Economic Implications of the Supreme Court’s Amex Decision: What You Should Know”. The webcast will take place on Thursday, January 10th from 12-1pm ET (11am-12pm CT) and provide CLE credit. The presentation will include a review of the Amex decision, notable developments, risks and pitfalls, compliance tips, other recent cases, and an overview of what lies ahead after the Amex decision. Also participating in the webcast will be Dr. Robert Kneuper, with Info Tech.

To register at a free or discounted price, courtesy of Coherent Economics, please visit here.

Dr. Frankel has also shared an article related to the Amex decision. His full article can be found here.

Dr. Frankel has been an economic consultant and expert witness since 1985 and is one of the world's leading experts in the analysis of competition in payment systems and networks. He is an Adjunct Professor at the Loyola University Chicago School of Law where he teaches Law and Economics. He is also a member of the U.S. Advisory Board at the Institute for Consumer Antitrust Studies and a Senior Editor of the Antitrust Law Journal.

Dr. Alan Frankel, Coherent President

Dr. Alan Frankel, Coherent President