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Trump plan to cap credit card costs hits bank shares
Shares in banks and credit card firms have fallen after US President Donald Trump called for credit card costs to be capped. On Friday, Trump wrote on Truth Social that interest rates on cards should be limited to 10% for one year from 20 January. He did not specify how such a cap might be…
Drivers warned about scam car finance payout calls
Motorists have been warned to be on the alert for scammers posing as car finance lenders offering fake compensation. The warning from the Financial Conduct Authority (FCA) comes after the watchdog announced it would set up a compensation scheme for motorists who were sold car finance deals that were unlawful. Earlier this month, the Supreme…
Business chiefs urge Trump to ease up on immigration crackdown after Georgia raid
EPA/Shutterstock President Donald Trump is facing calls from business leaders to “turn the page” on his immigration crackdown after a raid at a Hyundai plant in the US state of Georgia. It was the largest such raid in US immigration history, sweeping up 475 workers, including about 300 people from South Korea. The decision to…
Frank founder Charlie Javice sentenced for JPMorgan fraud
Charlie Javice, the entrepreneur convicted this year for defrauding JPMorgan Chase when the bank bought her student loan start-up, was sentenced on Monday to more than seven years in prison. In March, a jury found Ms Javice guilty of bank, wire and securities fraud, as well as conspiracy to commit fraud, for giving JPMorgan fake…
