The Hidden Costs of Capping Credit Card Interest Rates (opinion) [Yahoo! Finance]
Capital One Financial Corporation (COF)
Last capital one financial corporation earnings: 4/23 04:05 pm
Check Earnings Report
US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=70667&p=irol-irhome
Company Research
Source: Yahoo! Finance
In 2020, during Kamala Harris' first presidential campaign, she proposed forbidding credit card companies from charging interest altogether during the pandemic. In September this year, during a campaign rally in New York, Donald Trump proposed capping credit card interest rates at 10 percent. Others from Josh Hawley to Bernie Sanders have also taken up the cause. Lost in these proposals 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. The current average credit card interest rate is 21 percent, but it didn't get there overnight. In 2008, the average rate was 14 percent, at a time when the savings rate was much lower and consumers wer
Show less
Read more
Impact Snapshot
Event Time:
COF
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
COF alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
COF alerts
High impacting Capital One Financial Corporation news events
Weekly update
A roundup of the hottest topics
COF
News
- Capital One Financial Corporation to Webcast Conference Call on Fourth Quarter 2024 EarningsBusiness Wire
- Here's Why Capital One (COF) is a Strong Value Stock [Yahoo! Finance]Yahoo! Finance
- Capital One, Discover Deal Approved by Delaware Bank Regulator [Yahoo! Finance]Yahoo! Finance
- Fed, OCC Use Outdated Criteria to Assess Bank Mergers, Senator Warren Says [Yahoo! Finance]Yahoo! Finance
- Capital One Receives Approval of Delaware State Bank Commissioner for Acquisition of Discover Financial ServicesBusiness Wire
COF
Earnings
- 10/24/24 - Beat
COF
Sec Filings
- 12/16/24 - Form 8-K
- 12/9/24 - Form 8-K
- 11/15/24 - Form 8-K
- COF's page on the SEC website