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.
Blog
-
Agencies issue 2025 Shared National Credit Program report
Agencies issue 2025 Shared National Credit Program report
-
Apple picks Google’s Gemini to run AI-powered Siri coming this year
Google’s market value surpassed Apple for the first time since 2019 as it rolls out updated artificial intelligence features.
-
Greenspan, Bernanke, Yellen and other past officials say Trump using ‘prosecutorial attacks’ to undermine Fed
Previous Federal Reserve chairs, Treasury secretaries and prominent economists came together Monday to support Jerome Powell.
-
How Iran’s economic pain sparked explosion of unrest
Iranians have suffered years of inflation, devaluation and stuttering growth
-
The next Fed chair is . . . Donald Trump
A criminal investigation of Jay Powell is the latest in the reworking of the world’s most important financial institution
-
Europe needs to think the unthinkable on Nato
Conflict over Greenland could destroy the transatlantic alliance, requiring a new European security treaty to replace it
-
Nadhim Zahawi defects to Reform UK
Former Conservative chancellor is latest figure to join Nigel Farage’s populist party
-
The mega-rich are flocking to Washington DC
Its wealthy suburbs are a draw for those seeking proximity to the Trump administration’s decision makers
-
Asia-Pacific markets rise after key Wall Street indexes ended last week on record highs
Investors will be keeping an eye on oil prices as protests continue in Iran and U.S. President Donald Trump reportedly is weighing options to intervene.