Bernie Sanders Open To Working With Trump, Advocates On 10% Credit Card Rate Cap
Independent Vermont Sen. Bernie Sanders announced on social media Friday that he intends to work with the Trump administration to address exorbitant credit card interest rates. Sanders created post On X, formerly known as Twitter. I look forward to working with the Trump Administration to fulfill its promise to cap credit card interest rates at […]
Trump’s transition team aims to kill Biden EV tax credit
President-elect Donald Trump's transition team plans to eliminate the $7,500 consumer tax credit for electric vehicle purchases as part of sweeping tax reform legislation, two people with direct knowledge of the matter said. person told Reuters. Ending the tax credit could have a significant impact on America's already stalled EV transition. Still, representatives from Tesla, […]
New York Fed data shows credit card debt hit another record
Ramsey Solutions personality Jade Warshaw breaks down the latest economic data that shows consumers are racking up credit card debt amid a surge in spending. Americans' credit card debt continues to rise, hitting a new record at the end of September, according to a new report from the New York Fed. Total credit card debt […]
Glenn Beck says THIS person hasn’t been given enough credit for the massive role he played in Trump’s victory
Red Army mopping up forces secured the White House and the Senate; and Last week, the House of Representatives was told by the American people that “enough is enough.” While it was ultimately the goodwill of voters and God that made this possible, there are several people who deserve credit for the key roles they […]
5 Smart Reasons to Get a Second Credit Card – The Motley Fool
If you have a wallet with one card in it, you're not alone. According to a recent Motley Fool Money survey, about one-third (30%) of Americans have at least one credit card. Get benefits just by using one credit card. Certainly it is the simplest and easiest option. But managing a second credit card isn't […]
Trump Got Credit for ‘A Lot of Things’ that ‘Really Belong to Joe Biden’
On Wednesday's broadcast of MSNBC's “The Last Word,” Rep. James Clyburn (D-S.C.) said one of the problems Democrats had in the 2024 race was that “people are A lot of things we thought were Donald Trump's are actually Joe Biden's.” And I don't think we were able to adequately explain that to voters. ” But […]
CFPB Orders Navy Federal Credit Union to Pay More Than $95 Million for Illegal Surprise Overdraft Fees – Consumer Financial Protection Bureau
Washington DC – Today, the Consumer Financial Protection Bureau (CFPB) took action against Navy Federal Credit Union for charging illegal overdraft fees. From 2017 to 2022, Federal Navy charged customers unexpected overdraft fees for certain ATM withdrawals and debit card purchases, even if there was sufficient funds in the account at the time of the […]
Biden administration expands tax credit for producing solar, wind and battery components
The Biden administration is expanding federal tax credits to encourage domestic production of components and batteries for solar and wind energy. The Treasury Department on Thursday released final guidance detailing how to implement renewable energy manufacturing loans under the Democratic Climate Tax and Health Care Act. Compared to the draft guidance issued late last year, […]
Key inflation gauge doesn’t include credit card interest, property taxes
A key measure of inflation doesn't take into account key expenses that have skyrocketed for consumers since the pandemic, such as interest on credit cards and car loans, tips and even fees paid to babysitters and dog walkers. . The Consumer Price Index (CPI), published monthly by the Bureau of Labor Statistics, measures the average […]
Credit card companies now charging extra fees for paper statements
See what's being clicked on FoxBusiness.com. A new initiative to move credit card users to digital statements will come with penalties for those who don't want to comply. Major retail credit card companies are quietly introducing a $1.99 fee if you want to continue receiving paper statements. One of the biggest offenders is Synchrony Bank, […]