RICHMOND, Va. — Del. Mark Levine recalls receiving a $1,000 loan offer from a company with a 299% interest rate buried deep in the fine print. “As the company compounds daily at this interest rate, ...
Welcome to 2026! As we begin another year in the fast-evolving world of consumer financial services regulation, we're here ...
A proposed one-year cap on credit card interest rates backed by U.S. President Donald Trump could reduce borrowing costs for some consumers but also limit credit availability, pressure bank profits ...
Aggregate U.S. consumer spending still looks healthy, but that strength is increasingly misleading. Beneath the surface, a ...
NEW YORK (MarketWatch) -- The Federal Reserve on Tuesday unveiled its new Term Asset-Backed Securities Loan Facility (TALF), a plan under which it will lend up to $200 billion to support the issuance ...
From the industry's perspective, credit card pricing reflects risk. Lowering the ceiling compresses margins on higher-risk borrowers, making those accounts uneconomical. Analysts told Reuters that ...
On December 12, Wisconsin legislators introduced Senate Bill 759 (SB 759), which would substantially shift Wisconsin’s approach to consumer lending. The bill would: Under current Wisconsin law, with ...
Getting your Trinity Audio player ready... Colorado borrowers, including low-income households, continue to have plenty of loan options despite some of the strictest consumer lending laws in the ...
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