JP Morgan Chase has issued a warning that President Trump’s proposal to implement a ten per cent cap on credit card interest rates could significantly disrupt the business model of
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Donald Trump has pledged to impose limits on credit card interest rates during his potential second term as President. This proposed policy has raised concerns among leading financial institutions. Financial
Consumer reliance on credit cards has accelerated sharply in the lead up to Christmas, with outstanding card debt reaching nearly £78 billion in November. The Bank of England’s data revealed
American credit card defaults have skyrocketed to their most elevated position since the aftermath of the 2008 global financial crisis, signalling a deterioration in the financial wellbeing of lower-income consumers
