Credit Card Caps, FCC Fines, Powell Probe
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Credit Card Caps, FCC Fines, Powell Probe
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The Supreme Court’s decision to review FCC penalties against Verizon, AT&T and T-Mobile led Bloomberg Intelligence’s Votes and Verdicts podcast this week, with analysis from Matt Schettenhelm. Nathan Dean also discussed President Trump’s proposal to cap credit card interest rates at 10% and the implications for issuers such as Capital One, as well as why crypto legislation has stalled and what that means for companies like Coinbase. The episode also covered the Justice Department’s subpoenas to the Federal Reserve related to Chairman Jerome Powell’s June testimony to Congress on renovations of the Fed’s headquarters.
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