This Week In Credit Card News: The Hidden Costs Of Capping Card Interest Rates At 10% [Forbes]
Bread Financial Holdings, Inc. (BFH)
Company Research
Source: Forbes
capping credit card interest rates at 10%. Others from Josh Hawley to Bernie Sanders have also taken up the cause. Lost in this proposal are millions of Americans who may lose their credit card overnight, not because they mismanaged their finances, but because a new policy made it unprofitable for lenders to offer credit. Many borrowers, even those with good credit scores, could see their accounts terminated under an interest rate cap, leaving them scrambling for alternatives in a society that often requires a credit card to function. [ Reason ] The hidden costs that may occur if credit card interest rates are capped at 10% getty Nearly 1 in 3 Gift-Givers Expect to Go into Debt This Year ‘Tis the season of spending and according to a new survey nearly a third of holiday gift-givers expect to go into debt this year. A LendingTree survey of nearly 2,050 U.S. consumers found that 30% of those who plan to give gifts this year are prepared to break their budgets and go into debt. M
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BFH
News
- Bread Financial Holdings, Inc. (NYSE: BFH) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "overweight" rating. They now have a $76.00 price target on the stock, up previously from $35.00.MarketBeat
- Here's how UFC legend Georges St-Pierre spent (and saved) his first $1 million — including $20,000 in dino fossils [Yahoo! Finance]Yahoo! Finance
- BFH Stock Soars 95.3% YTD: A Signal for Investors to Hold Tight? [Yahoo! Finance]Yahoo! Finance
- Bread Financial Provides Performance Update for November 2024GlobeNewswire
- Bread Financial Holdings, Inc. (NYSE: BFH) had its price target raised by analysts at Keefe, Bruyette & Woods from $67.00 to $88.00. They now have an "outperform" rating on the stock.MarketBeat
BFH
Earnings
- 10/24/24 - Miss
BFH
Sec Filings
- 12/11/24 - Form 8-K
- 12/2/24 - Form 8-K
- 11/14/24 - Form SC
- BFH's page on the SEC website