Credit card interest rates are a hot topic right now. President Trump has suggested a 10% cap on these rates. This idea has sparked a debate. On one side, there are people who think it will help consumers. On the other side, banks and credit card companies are against it. Banks say a rate cap will
The world of money is changing fast. By 2032, the global consumer finance market is expected to reach a staggering 1. 53 trillion USD. This is a huge jump from 854. 74 billion USD in 2024. The report highlights key trends that are reshaping the industry. These include digital payments, flexible cred
The idea of capping credit card interest rates at 10% for a year is back on the table, thanks to a push from the President. This proposal, which was part of his campaign promises, has sparked a heated debate. On one side, there are those who believe it could save Americans a significant amount of mo
Moto Finance, a new financial tech company, just got $1. 8 million to build a unique money platform. This platform combines a high-interest savings account and a premium credit card, all powered by blockchain tech. The idea is to give people better ways to save, spend, and earn rewards, all in one p
States are stepping up their game in the world of consumer finance. For a long time, Washington, D. C. was the main hub for enforcing rules in this area. But now, state attorneys general, banking departments, and legislatures are taking on more responsibility. This shift is changing the regulatory l
The U. S. Consumer Financial Protection Bureau (CFPB) has decided to cancel a plan to keep track of non-bank financial companies that break the rules. This idea was first proposed during the Biden administration to help catch and stop repeat offenders. But now, the CFPB says the costs of keeping thi
In a surprising move, the top U. S. consumer finance watchdog has decided to ditch a registry that kept track of companies breaking the rules. They said it wasn't worth the cost. This decision came after they also reversed a policy that would have stopped medical debts from showing up on credit repo
Mortgage rates will likely continue to fall, making it a good idea to wait for further reductions. The 10-year Treasury rate is expected to drop, which could lead to rates in the mid to high 5% to lower 6%. Waiting could also lead to an increase in available properties, as current owners may be
As the back-to-school season approaches, a new survey reveals that more than half of US parents are struggling to afford the technology their children need for school. The survey, conducted by mobile device recommerce company EcoATM Gazelle, found that 55% of parents have gone into credit card debt
