Tag: Consumer Finance
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Should Credit Card Interest Be Capped at 10%? A Closer Look
Introduction: A bold proposal and what it could mean President Donald Trump recently floated a policy idea to cap credit card interest rates at 10%. The move drew immediate attention from consumers who struggle with high balances and from lenders who warn about unintended consequences. As with any major financial policy, the question isn’t just…
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Will a 10% Credit Card Interest Cap Help or Hinder? An Expert Look
Overview: The 10% cap proposal President Donald Trump’s proposal to cap credit card interest rates at 10% has sparked a wide range of reactions from economists, consumer advocates, and lenders. The core idea is straightforward: set a hard ceiling on the annual percentage rate that credit card issuers can charge, with the aim of reducing…
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Should a 10% Credit Card Interest Cap Be Adopted? Pros, Cons, and What It Means
Overview: A 10% cap on credit card interest President Donald Trump’s proposal to cap credit card interest at 10% has sparked a nationwide debate about its potential benefits for borrowers and the possible risks for lenders and the broader economy. While a lower rate can reduce the burden on households with high credit card balances,…
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Philippines Vehicle Sales Hit Record in 2025, Yet Miss Target
Record-Breaking Year for Philippine Vehicle Sales The Philippine automotive sector closed 2025 on a high, recording a total vehicle sales of 491,395 units. The figure marks a new all-time high for the industry, underscoring a resilient market as buyers returned to showrooms amid improving economic conditions. However, despite the record, the year proved elusive in…
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How North Carolina Erased Medical Debt for 2.5 Million People
How a Bold State Plan Rewrote the Debt Narrative On a routine mailbox day, Dawn Daly-Mack’s life took an unexpected turn when a letter arrived with life-changing news: a medical bill had finally been paid. The 60-year-old resident of Gaston, North Carolina, is one of the millions of people who felt the impact of a…
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Trump Pushes Temporary 10% Cap on Credit Card Interest Rates
Overview: A bold proposal to cap credit card interest President Donald Trump has called for a temporary cap on credit card interest rates at 10 percent, with the goal of taking effect by January 20. The move is designed to curb the rising costs faced by consumers who use revolving credit, particularly during periods of…
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Trump pushes temporary 10% cap on credit card interest rates
Overview: Trump calls for a temporary 10% cap on credit card interest President Donald Trump has urged lawmakers to implement a temporary cap of 10% on credit card interest rates, aiming to relieve borrowing costs for consumers. The proposal, which Trump says should take effect by January 20, seeks to address rising finance charges that…
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Apple Card to Move From Goldman Sachs to JPMorgan Chase: What It Means
Overview: A High-Stakes handoff in fintech The Wall Street Journal reports that JPMorgan Chase has reached a deal to take over the operation of the Apple Card from Goldman Sachs, with an official announcement expected after more than a year of negotiations. If confirmed, the shift would mark a notable change in the consumer finance…
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Apple Card Moves from Goldman Sachs to JPMorgan Chase: What It Means for Users
Overview: Apple Card is switching under new management The financial tech world is abuzz as JPMorgan Chase (JPMorgan) is poised to take over the operation of the Apple Card from Goldman Sachs. The Wall Street Journal reports that, barring any last‑minute hiccups, the deal could be announced soon after more than a year of negotiations.…
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Google expands consumer credit push in India with UPI-linked card
Google enters a rapid-fintech expansion in India Google is intensifying its foray into consumer finance in one of the world’s fastest-growing digital markets by launching a UPI-linked credit card in India. The move signals a broader push to integrate financial services with its vast ecosystem of apps and devices, aiming to bridge the gap for…