Capping Credit Card Interest Rates at 10% Would Disrupt the Industry
Following up on a pledge made by President Donald J. Trump during his campaign, the unlikely team of Josh Hawley and Bernie Sanders has proposed a law capping credit card interest rates at 10%. The two senators have proposed similar legislation in the past, but both senators’ previous proposals would have capped rates at a […]
After AI Implementations, Financial Institutions See Tangible Gains
With artificial intelligence being deployed at scale in many financial services firms, scrutiny has increased on the measurable impacts of the technology. According to a recent survey by Nvidia, nearly 70% of financial leaders said that AI had driven a revenue increase of 5% or more for their organizations, and there was a marked year-over-year […]
How Financial Institutions Can Unlock Growth
A significant portion of the U.S. population is active in the digital world but remains invisible to financial institutions. These consumers are actively seeking a bank or financial firm that can help them access an economy that, for the most part, is out of their reach. In a recent PaymentsJournal webinar, Joshua Linn, Senior Vice […]