Arrest of Michigan couple in Mexico over credit card dispute

A couple from Michigan were arrested in Mexico after disputing charges on their credit card by a luxury hospitality company. They have been held in a foreign prison for 23 days without bond, facing demands for money and a nondisclosure agreement. The couple's lawyer claims they are being held hostage as retaliation for speaking out against the company.

Bipartisan effort to cap credit card interest rates

Conservative and progressive members of the House team up to propose a measure capping credit card interest rates at 10% to protect working Americans from high interest rates and debt traps.

Kristi Noem's Credit Card Expenses Controversy

Homeland Security Secretary Kristi Noem's legal team demands correction from a South Dakota media outlet for falsely reporting she racked up hundreds of thousands of dollars on a government-issued credit card during her tenure as governor.

Bipartisan Credit Card Interest Cap Bill

Bipartisan bill introduced by Sens. Josh Hawley and Bernie Sanders proposes capping credit card interest rates at 10% for 5 years, sparking significant debate. Supporters argue it provides relief to working people, while opponents claim it could restrict access to credit and raise borrowing costs. Industry insiders warn of potential risks to millions of Americans' credit cards. The proposal is seen as a response to high credit card interest rates exceeding 20%.

Proposed Legislation Impacting Credit Card Routing System

Senators Dick Durbin and Roger Marshall proposed legislation that could harm American consumers and small businesses by altering the credit card routing system under the guise of boosting competition.

Consumer Financial Protection Bureau regulations on buy-now, pay-later lenders

The Consumer Financial Protection Bureau is requiring buy-now, pay-later lenders to provide the same protections to shoppers as credit card companies do.

Credit Card Delinquency Rates in the U.S.

Delinquency rates among American credit card holders are at an all-time high, with a record number of active accounts having a balance of over $2,000. The Federal Reserve Bank of Philadelphia report highlights stress among cardholders, with increasing late payments and decreasing credit scores.