Banks Scrimped on Customer Interest. Now They’re Paying for It.
When the Federal Reserve started raising its benchmark rates in 2022, banks kept paying very little on sweep accounts. That allowed them to increase profits, since they were able to raise the interest ...
Sanders and Hawley introduce bill to cap credit card interest rates at 10%
Sanders and Hawley’s bill comes after President Donald Trump vowed in the 2024 race to temporarily cap credit card interest ...
Trump Promised a Cap on Credit Card Interest Rates. Here’s His Chance.
Senators Bernie Sanders and Josh Hawley say they will propose a 10 percent limit on credit card interest rates.
CNET on MSN6d
The Fed Didn't Budge on Interest Rates. Here's Why That's a Big Deal
Generally, when inflation is high and the economy is in overdrive, the Fed tries to pump the brakes by setting higher ...
Fed pauses interest rate cuts. What happens next may depend on Trump
After three successive interest rate cuts, the Federal Reserve on Wednesday made no change in its benchmark lending rate amid ...
New York Post21d
Capital One cheated its customers out of over $2B in interest payments, explosive lawsuit claims
Capital One was accused of cheating customers who held its flagship “high interest ... to the bank’s account conversion unit unless they asked whether conversions were allowed.