The act is a bipartisan effort to restore competition and transparency to a credit card system dominated by a Visa–Mastercard duopoly that has become a major driver of higher costs for small ...

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. Debit and credit cards may look the same at checkout, both ...

WASHINGTON, Jan 20 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday it was not unreasonable to have a discussion on the practices of credit card companies and a number of things can ...

Trump can’t cap credit card interest rates on his own: Under the Constitution, only Congress can regulate interest rates. High rates reflect risk—but defaults remain relatively low: Average credit ...

Visa faces regulatory headwinds from proposed credit card interest rate caps and competition bills, but I maintain a buy rating. V's exposure to interest rate caps is limited versus issuers; its ...

South Korea’s KB Kookmin Card is stepping into the crypto future with a newly filed patent for a hybrid payment system that lets users pay with stablecoins through their existing credit cards. KB ...

On Friday, President Trump called for a one-year cap of 10% on credit card interest rates, set to begin Jan. 20. Without congressional legislation, implementing a rate cap would likely be challenging.

FMI, NGA, RILA, MPC all cheer move to bring swipe fee reform to marketplace FMI, NGA and RILA are all members of the Washington, D.C.-based Merchants Payments Coalition (MPC), which also issued its ...

House Speaker Mike Johnson, R-La., pushed back on a proposal from President Donald Trump to cap the interest that credit card companies can charge borrowers. "I talked with him about it briefly ...

President Donald Trump's call for a 10% cap on credit card interest rates could impact access to credit cards for many American consumers while also impacting small businesses. Trump on Friday ...

Peter Gratton, Ph.D., is a New Orleans-based editor and professor with over 20 years of experience in investing, risk management, and public policy. Peter began covering markets at Multex (Reuters) ...

Credit card debt can be embarrassing. Interest rates are often sky-high. A maxed-out card might feel like a symbol of poor choices or lax financial discipline. And card debt is especially embarrassing ...