Sen. Elizabeth Warren (D-Mass.) loves to cast herself as the ultimate public defender of consumers and the arch-nemesis of bankers on Wall Street. However, with her recent record opposing popular mergers and shutting down regulatory…
Posts tagged credit cards
Ocasio-Cortez teams up with Bernie Sanders to introduce bill capping ‘outrageously high’ credit card interest rates
But critics claimed capping the interest rate would shrink the market, hurting Americans who rely on small borrowers. “The people who need access and who depend on credit cards to cover large transactions between paychecks…
Obama issues credit card industry bailout by executive order
By Yaël Ossowski | Watchdog.org The credit card industry got a huge boost from President Obama last month when he signed an executive order requiring a switch to chip-and-pin technology for government vendors and agencies. It dictates…