The financial news that actually matters
JPMorgan Chase warned in January 2026 that a proposed 10% cap on credit card interest rates could eliminate lending access for up to 40 million American borrowers, a figure the bank’s executives cited during earnings-cycle communications. The warning landed as Senate bill S.381, the 10 Percent Credit Card Interest Rate Cap Act, continues to draw…
Auto loan delinquencies in the United States have climbed to 4.1%, the highest level recorded in 14 years, according to Federal Reserve data tracking the share of balances at least 30 days past due. The increase signals mounting financial pressure on millions of American households that depend on vehicle financing for daily transportation. With total…
American consumers are carrying more credit card debt than ever, and the cost of carrying that debt remains punishingly high. Credit card balances have pushed past $1.2 trillion, while the average annual percentage rate on card plans has stayed near 21%, leaving many households with less room to absorb higher housing, food, insurance, and transportation…
U.S. banks spent much of 2025 doing something that tends to ripple far beyond bank boardrooms: making it harder for businesses to borrow. By the end of the year, the pattern had become hard to dismiss as a passing response to a single headline or one weak patch of data. The Federal Reserve’s senior loan…
America’s banking industry finished 2025 with a split-screen result. On one side of the ledger, banks remained profitable. On the other, the roster of FDIC-insured institutions kept getting smaller, underscoring how consolidation continues to reshape the sector even in periods that look stable on the surface. The Federal Deposit Insurance Corporation’s fourth-quarter banking profile shows…