American Express wants even more credit card high spenders
American Express announces the new platinum business card. Courtesy: American Express American Express is finding that even for a provider…
Tag: credit
Warren blasts CFPB director Vought for undermining Trump credit card affordability
U.S. Senator Elizabeth Warren (D-MA) and Director of the United States Office of Management and Budget, Russell Vought. Kevin Mohatt…
Wall Street braced for a private credit meltdown. The risk is rising
The sudden collapse last fall of a string of American companies backed by private credit has thrust a fast-growing and…
Jamie Dimon says U.S. should impose Trump credit card rate cap in Vermont, Massachusetts
Jamie Dimon, CEO of JPMorgan Chase, speaks at the American Business Forum at the Kaseya Center in Miami on Nov.…
Trump urges Congress to enact 10% credit card interest rate cap
President Donald Trump on Wednesday urged U.S. lawmakers to pass legislation to limit credit card rates to 10%, following his…
White House econ advisor Hassett floats ‘Trump cards’ amid credit card battle
Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington,…
Sen. Warren says Trump called her about credit cards, affordability
President Donald Trump called Sen. Elizabeth Warren, D-Mass., on Monday to work together on capping interest rates on credit cards.…
Trump targets credit card rates. What’s at stake for Capital One and other banks
Capital One shares dropped more than 6% on Monday after President Donald Trump targeted a key way that our favorite…
Trump credit card rate cap has unclear path, ‘devastating’ risks
(L-R) Wells Fargo CEO and President Charles Scharf, Brian Bank of America Chairman and CEO Thomas Moynihan, JPMorgan Chase Chairman…
Moody’s says the banking system, private credit markets are sound despite worries over bad loans
Despite worries over bad loans at midsize U.S. banks, there’s little evidence of a systemic problem, according to a senior…