Credit Cards

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Credit card companies doubled interest rates on the false claim of inflated financial risk — and now to fight new late-fee rules, they’re threatening to raise them even higher.

Over the last decade, credit card companies have jacked up interest rates to a record high, costing Americans $25 billion each year, even though regulators say lenders’ risk of losses has declined. Now, in response to a new ban on excessive credit card late fees, the banking industry is threatening to punish debtors with even higher interest rates as lenders’ profits skyrocket.

https://www.levernews.com/the-lie-thats-inflating-your-credit-card-bills/?

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Changes from Visa mean Americans will carry fewer physical credit, debit cards in their wallets

NEW YORK (AP) — Your wallet may soon be getting thinner.

https://apnews.com/article/visa-mastercard-payment-technology-fintech-applepay-15ce9d99661e9894571471786229dd47?