While major banks, including JPMorgan Chase and Citi, warned that a 10% credit card cap would reduce access to credit, some CEOs applaud the plan.
A 10% rate cap would make large swaths of the credit card industry unprofitable, especially tied to customers with less-than-ideal credit, banks say.
JPMorgan, Citigroup and Wells Fargo this week separately said limiting borrowing costs on credit cards would harm their ...
Credit card protection insurance is a form of protection offered by card issuers to help cardholders in times of financial ...
President Trump is calling for a one-year, 10% cap on all credit card interest rates beginning on January 20, warning financial institutions that they would be “in violation of the law” and subject to ...
— -- Credit card holders could soon be saying good-bye to some costly add-on products that promised peace-of-mind during a disaster, such as a job loss. And many consumer groups say good-riddance ...
Nobel economist Paul Krugman says that reviving an Obama-era consumer watchdog would be a low-effort was to protect Americans ...
Credit cards make everyday spending easier and more flexible. But with that ease comes the responsibility of handling risks ...