Interest Rates

JPMC Customers Leave For Higher-Interest Alternatives
JPMC Customers Leave For Higher-Interest Alternatives
May 30, 2019  |  Banking

Deposit growth at banking giant JPMorgan Chase is slowing because customers are taking out money and stashing it in accounts at other banks that have...

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Prospa Lowers Interest Rates In Second Go At IPO
Prospa Lowers Interest Rates In Second Go At IPO
May 17, 2019  |  B2B Payments

More than a year after Prospa delayed its initial public offering (IPO) plans, the Australian alternative lender is once again gearing up to go public —...

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US Credit Card Rates Hit All-Time High
US Credit Card Rates Hit All-Time High
May 17, 2019  |  Consumer Finance

Americans are now paying the highest level ever on credit card interest rates — and that could have a negative impact on consumer spending and...

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Watching Out For Unexpected And Unintended Consequences
Watching Out For Unexpected And Unintended Consequences
May 14, 2019  |  Today In Data

Many ideas can sound good in theory, but turn out less than perfectly in execution. In the 70s, there were gas price caps, and as...

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The Pitfalls Of Unsustainable Supplier Payment Terms
The Pitfalls Of Unsustainable Supplier Payment Terms
May 02, 2019  |  B2B Payments

Lengthening payment terms between corporate buyers and suppliers have built up a bad reputation in the B2B space — thanks, in part, to payment practices...

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Max Levchin: What’s Missing From Today’s Financial Literacy Initiatives
Max Levchin: What’s Missing From Today’s Financial Literacy Initiatives
April 29, 2019  |  Alternative Finances

By the numbers, Americans are not a very financially literate people.  According to a Standard & Poor’s Global Financial Literacy survey only about 57 percent...

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New Wealthfront Cash Accounts Bring In $1B Since Feb
New Wealthfront Cash Accounts Bring In $1B Since Feb
April 24, 2019  |  Banking

Wealthfront’s new cash accounts have brought in $1 billion in customer deposits since the company launched the offering in February. The accounts give customers a higher-than-average,...

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BoA’s Zelle Transactions Up 103 Pct In Q1
BoA’s Zelle Transactions Up 103 Pct In Q1
April 16, 2019  |  Earnings

Bank of America (BoA) missed on revenue when it reported its Q1 earnings on Tuesday (April 16) and predicted net interest income would rise half...

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Rhode Island Eyes Capping Credit Card Interest Rates
Rhode Island Eyes Capping Credit Card Interest Rates
April 09, 2019  |  Consumer Finance

In the United States, credit card balances and the interest rates charged on those balances are on the rise. Get the Full Story Complete the...

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