Mastercard (MA) faces headline risks from proposed credit card rate caps and the Credit Card Competition Act (CCCA), but I view the odds of enactment as low. MA’s moat, technical strength, and ...
Visa and Mastercard may have a bigger problem than President Donald Trump’s proposal to cap credit-card interest rates at 10% for one year. Emily Bary is MarketWatch's assistant managing editor, tech.
Industry experts agree that a 10% interest rate cap could lead to the cancellation or severe restriction of credit card accounts for up to 90% of cardholders – specifically those with credit scores ...
Most credit card issuers don't classify Walmart and Target as grocery stores, meaning they often don't qualify for high-earning grocery rewards categories. To earn significant rewards at Walmart and ...
Trump proposed a one-year 10% cap on the interest rates that American credit card companies can charge customers. Shares of Citigroup, JPMorgan Chase, Wells Fargo, Bank of America, Visa, Mastercard, ...
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 ...
Kevin Hassett told Fox Business that U.S. banks could voluntarily provide credit cards to underserved Americans. President Donald Trump called for banks to cap credit card interest rates at 10%, an ...
In a move aimed at easing economic pressures on American households, President Trump is calling for a temporary 10% cap on credit-card interest rates. Trump didn’t offer any details on how the ...
Jan 12 (Reuters) - A proposed one-year cap on credit card interest rates backed by U.S. President Donald Trump could reduce borrowing costs for some consumers but also limit credit availability, ...
Credit card casinos offer perks that go beyond quick deposits. you can also enjoy strong security, built-in spending limits, and the chance to earn cashback while you play. It’s a mix of safety and ...
If successful in enacting a one-year cap on credit-card interest rates, President Donald Trump could dramatically alter financial-sector earnings and business models. But investors shouldn’t panic ...
“Everything’s on the table,” an executive at JPMorgan Chase said, as the industry seeks to head off President Trump’s effort to cap interest rates. By Andrew Ross Sorkin Bernhard Warner Sarah Kessler ...