House Republicans want to draw new boundaries between the Federal Reserve and the U.S. Treasury. In a hearing held on Wednesday (March 18), the House Financial Services Committee’s Task...
The Bank for International Settlements (BIS) said Monday (March 16) that central banks should not react too quickly to the spike in global energy prices...
Federal Reserve Governor Lisa Cook said in a Tuesday (Feb. 24) speech that rapid advances in artificial intelligence (AI) could pose new challenges for the...
The Trump Administration’s proposed 10% cap on credit card interest rates would harm access to credit as well as consumer spending in several sectors of...
Bank of America and Citigroup are reportedly considering offering credit cards with a 10% interest rate in response to President Donald Trump’s demand for a cap on rates. This...
JPMorgan Chase CEO Jamie Dimon said a 10% credit card interest rate cap would be catastrophic, Reuters reported Wednesday (Jan. 21). Speaking at the World...
Citigroup Chair and CEO Jane Fraser said Tuesday (Jan. 20) that she does not expect Congress to support the 10% cap on credit card interest...
Bilt has debuted three credit cards letting homeowners earn points on their mortgage payments. The new cards, announced Wednesday (Jan. 14), have interest rates capped at 10% for...