Business/Regulation

Trump Proposes 10% Cap on Credit Card Interest, Warns of Legal Penalties for Rates Above Cap by Jan. 20🔥77

•The cap would take effect by January 20, lasting one year.
•Trump warned credit card issuers they could face legal consequences for violations.
•Some credit card rates currently reach 28% to 30%, he noted.
•Trump said many Americans are unaware of the high rates they pay.
•He accused credit card companies of “totally abusing” consumers.

•The halt follows an expansion of an initial Minnesota review to nationwide scrutiny of program integrity.
•Officials emphasize safeguarding taxpayer dollars and ensuring subsidies reach legitimate providers.
•Minnesota has faced significant allegations of improper disbursements and potential fraud in its child care programs.
•HHS Deputy Secretary cited audits, attendance records, licensing, and inspections as part of the verification process.

•High-spending losers, or “whales,” often receive VIP perks despite the tighter scrutiny on sharps.
•Profiling tools help bookmakers identify and limit sharps by analyzing account details and betting patterns.
•Common sharp indicators include early bets on obscure markets, odds shopping across multiple sportsbooks, and focus on derivatives like player stats.
•Risk surveillance updates risk scores every few hours to adjust stakes and flag suspicious activity.

•The Senate Commerce Committee has called executives from major automakers, including Detroit’s Big Three and a Tesla representative, to testify on how these regulations affect vehicle costs and consumer choice.
•Lawmakers critical of the mandates say some safety technologies are ineffective or more stringent than international standards, adding unnecessary expense for buyers already facing high average new-vehicle prices.
•Safety advocates counter that automatic emergency braking and similar systems significantly reduce crashes and fatalities, and see the hearing as a pivotal test of the federal commitment to advancing road safety technology.
•The clash reflects broader Republican efforts to reassess transportation regulations in an era of rising vehicle complexity, including advanced driver assistance features and data-connected systems.

•The report listed multiple trades made during blackout periods ahead of policy meetings.
•Transactions included shares of Apple, Southwest Airlines, and Cava.
•The largest trade was an Apple stock purchase worth between \$100,000 and \$250,000.
•Some trades were executed by the governor’s spouse without her knowledge.

•Officials aim to address concerns over concentrated corporate governance power.
•Firms like ISS, Glass Lewis, BlackRock, and Vanguard dominate shareholder voting.
•Index funds now control up to one-quarter of shares in many major U.S. companies.
•Discussions include potential SEC and Labor Department oversight changes.