Proposal for 10% cap on credit card interest
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For decades, employee expense reporting has followed a familiar path: employees submit reports, managers approve them and the accounting department performs a final review. This workflow made sense when employees paid for business expenses out of pocket ...
President Donald Trump noted at the Detroit Economic Club that he's calling to cap credit card rates at 10 percent for a year. But banks are pushing back.
During the roughly three years since the pandemic, small-business owners have struggled with higher labor costs, increasing rents, and inflation-driven spikes in the prices of supplies. But many entrepreneurs note they’re shouldering another heavy ...