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…
Tag: credit
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…
Private credit boom behind new ETF designed for retail investors
It’s a partnership designed to give retail investors more access to a rapidly expanding asset class: Private credit. Simplify Asset…
Here’s why banks, credit card companies are wary of buy now, pay later loans
Buy now, pay later plans offer an attractive alternative to credit cards for consumers: They allow purchases to be split…
Credit card startup Imprint beats big banks for Rakuten co-brand deal
A view of the logo of Rakuten Mobile at its branch in Tokyo, Japan, November 28, 2023. Staff | Reuters…
CFPB fines Equifax $15 million over errors on credit reports
Elijah Nouvelage/Bloomberg via Getty Images The Consumer Financial Protection Bureau fined Equifax $15 million over errors tied to consumer credit…