Catenaa, Friday, April 18, 2025-Claims circulating online that the European Union (EU) is banning US -based payment platforms like Visa, Mastercard, and PayPal are false, according to the European Central Bank. Viral posts on social media misrepresented comments made by ECB President Christine Lagarde during a recent interview with Irish radio station Newstalk. In the […]

Catenaa, Sunday, April 20, 2025-The Trump administration has moved to eliminate a key consumer protection rule introduced under President Joe Biden, which capped credit card late fees at $8. On Monday, the US Consumer Financial Protection Bureau (CFPB), backed by business and banking groups, filed a motion in a Texas federal court requesting the dismissal […]

Catenaa, Thursday, January 2, 2025-Credit card defaults in the US have reached their highest level since the Great Recession, raising alarm among economists and business leaders. According to data from BankRegData, lenders wrote off $46 billion in delinquent credit card balances between January and September 2024, a 50% increase from the same period last year. […]