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...
Senate Banking Committee Delays Crypto Bill Markup After Industry Support Fractures
Senate Banking Committee Delays Crypto Bill Markup After Industry Support Fractures Senate Banking Committee Chair Tim Scott postponed a planned committee markup of sweeping cryptocurrency market structure legislation, abandoning plans to hold a vote last week amid...
President Trump Calls for One-Year 10% APR Cap on Credit Card Interest Rates
President Trump Calls for One-Year 10% APR Cap on Credit Card Interest Rates Last week, President Donald Trump called for a one-year cap on credit card interest rates of 10 percent, reviving a campaign pledge that immediately drew sharp criticism from banking trade... Government Shutdown Puts Senate Consideration of Clarity Act on Hold
Government Shutdown Puts Senate Consideration of Clarity Act on Hold With the U.S. Senate currently focused on issues surrounding the government shutdown, it is running out of time to consider bills related to the regulation of the crypto market. For example, the...
