Will Trump (and Bernie) cut credit card rates? [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
Credit cards might offer a way. Trump has talked about capping credit card interest rates — a position also endorsed by progressives like Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.). Warren has signaled an eagerness to work with Trump on the issue. "If Donald Trump really wants to take on the credit card industry , count me in," she said in a social media post. Sanders, too, is ready to work with Trump on capping the fees. If Trump follows up on his campaign pledge to limit credit rates to 10%, Sanders told The New York Times , "absolutely I will be there." "There's a catch," Natasha Sarin said at The Washington Post . Americans right now face credit card rates that can climb above 20%, so a new limit "sounds like a win for struggling Americans" who face "hefty costs" when trying to pay down their debt. But the card companies like Visa and Mastercard say rate limits mean they'll be less likely to issue cards to risky borrowers — who might then turn to payday lender
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Earnings
- 11/1/24 - Beat
MA
Sec Filings
- 12/9/24 - Form 4
- 11/13/24 - Form 8-K
- 11/12/24 - Form 144
- MA's page on the SEC website