Phew, that's a lot of questions! I totally get it. Capital One and Discover merged back in May, and Discover customers, like you, are curious about what happens next. Unfortunately, we don't have a ...
President Trump is proposing a 10% interest cap on credit cards; here’s why a financial expert says this could cause issues. President Trump proposed a cap on credit card interest, but banks are ...
Starting next week, a new plan from the President will cap credit card interest rates at 10% for one year—a major drop from the current U.S. average of about 20%. With the average credit card balance ...
Delta CEO Ed Bastian was highly skeptical of Trump’s proposal to implement a 10% cap on credit card interest rates. The proposal was also met with criticism from banks and Republican leadership. Delta ...
House Speaker Mike Johnson, R-La., pushed back on a proposal from President Donald Trump to cap the interest that credit card companies can charge borrowers. "I talked with him about it briefly ...
President Donald Trump has said his plan to impose a temporary cap on credit card interest rates would curb “abuse” by U.S. lenders, but this has faced pushback from the banking industry, and experts ...
A former Senior Publishing Editor on the Dow Jones Newswires team at The Wall Street Journal, Aaron earned a Bachelor's degree in Economics from the University of Michigan and a Master's in Journalism ...
JPMorgan Chase (JPM) reached a deal earlier this month to take over Goldman Sachs' (GS) Apple Card (AAPL) account; the costs related to this transfer weighed on the former's earnings figures for the ...
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 ...
President Donald Trump has floated the idea of putting a one-year cap on credit card interest rates at 10%. "They've really abused the public," Trump told reporters aboard Air Force One Monday, ...
Jan 12 (Reuters) - U.S. financial stocks and UK-listed lenders fell on Monday as President Donald Trump's call for a one-year cap on credit card interest rates threatened a key revenue stream for the ...
President Trump’s call to cap credit card interest rates at 10% for a year sent shockwaves through Wall Street on Monday, weighing down bank stocks as investors recoiled from a proposal that threatens ...
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