Analysis Warns 10% Credit Card Rate Cap Could Cut Off Credit Access for 159 Million Consumers
Analysis Warns 10% Credit Card Rate Cap Could Cut Off Credit Access for 159 Million Consumers A new analysis from the American Banking Association examining the impact of a federal 10 percent APR cap on credit cards finds that the policy could sharply reduce consumer...
OCC Flags Debanking Practices at Nine Large Banks
OCC Flags Debanking Practices at Nine Large Banks Last week, the Office of the Comptroller of the Currency released preliminary findings from a supervisory review of “debanking” practices at nine of the largest national banks it oversees, concluding that the... Debt Causing Nearly Two in Three Americans Carrying Credit Card Debt to Delay or Avoid Other Financial Decisions, Study Finds
Debt Causing Nearly Two in Three Americans Carrying Credit Card Debt to Delay or Avoid Other Financial Decisions, Study Finds According to a new Bankrate report, 64% of U.S. adults carrying credit card debt have delayed or avoided other financial decisions as a result...
CFPB Rule Limits Overdraft Fees to $5
CFPB Rule Limits Overdraft Fees to $5 The Consumer Financial Protection Bureau (CFPB) recently announced a new rule set to go into effect in October 2025 to regulate overdraft programs. Under the new regulations, large financial institutions must choose one of three...
