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While access to credit is expanding rapidly among first time and young borrowers, repayment challenges persist in the initial phase of borrowing, the report said. (Credit: Pexels)The role of younger borrowers...
Credit cards as seen Thursday, July 1, 2021, in Orlando, Fla. John Raoux/AP hide caption toggle...
(L-R) Wells Fargo CEO and President Charles Scharf, Brian Bank of America Chairman and CEO Thomas Moynihan, JPMorgan Chase Chairman and CEO Jamie Dimon, Citigroup CEO Jane Fraser, State Street CEO Ronald...
Several Indian cardholders, who face interest rates up to 42% per annum on outstanding balances, have welcomed this proposal. The broader question: could India consider a similar move to rein in credit card interest rates?
US President Donald Trump's call for a 10% credit card interest rate cap has drawn strong and divided reactions from across the board, including Bill Ackman, Elizabeth Warren, and the various US banking groups.
Donald Trump has called for a one-year cap on credit card interest rates of 10% from January 20, saying that his administration will no longer let the American Public be “ripped off” by credit card companies. The date marks the anniversary of his second term as US president.
Indian banks posted robust credit growth in the October–December quarter, supported by RBI repo rate cuts, GST reductions and festive season demand.Fuelled by higher demand following a 125-basis point (bps)...
