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As more states move to block credit cards from gambling, the policy sounds straightforward. Cut off borrowed money, reduce harm. In practice, the results are mixed. The rules change how people pay, but they don’t always change why they gamble or how they manage their money. Ashley Morgan, a debt and bankruptcy attorney in Virginia, […]
U.S. Senator Elizabeth Warren (D-MA) and Director of the United States Office of Management and Budget, Russell Vought. Kevin Mohatt | Kevin Lamarque | | Reuters Sen. Elizabeth Warren on Friday accused the acting head of the Consumer Financial Protection Bureau of undermining President Donald Trump’s stated push to make credit cards more affordable, according […]
President Donald Trump on Wednesday urged U.S. lawmakers to pass legislation to limit credit card rates to 10%, following his social media post this month ordering banks to voluntarily lower their rates. “I’m asking Congress to cap credit card interest rates at 10% for one year, and this will help millions of Americans save for […]
Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington, DC, US, on Friday, Oct. 24, 2025. Francis Chung | Bloomberg | Getty Images White House economic advisor Kevin Hassett said Friday that large U.S. banks could voluntarily provide credit cards to underserved Americans as […]
Two men have been charged after Ontario authorities investigated suspicious betting activity and gift card fraud. Two men have been charged by the Ontario Provincial Police (OPP) Investigation and Enforcement Bureau (IEB) in connection with suspicious Ontario Lottery and Gaming Corporation (OLG) PROLINE sports betting activity. The investigation was sparked when thousands of gift cards […]
The Massachusetts Gaming Commission has just handed down its biggest sports betting penalty yet, hitting DraftKings with a $450,000 fine for letting customers fund bets with credit cards, which is against state law. According to the body, DraftKings failed to stop this kind of funding between March 10, 2023, and February 13, 2024. In that […]
U.S. President Donald Trump holds “The Trump Card” as he speaks with journalists onboard Air Force One en route to Miami, Florida, U.S., April 3, 2025. Kent Nishimura | Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to […]
A federal judge on Tuesday threw out a US Consumer Financial Protection Bureau rule capping credit card late fees at $8, after the agency agreed with opponents that the rule adopted during President Joe Biden’s administration was illegal. US District Judge Mark Pittman in Fort Worth, Texas granted a joint request by the CFPB and a coalition […]
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. President Donald Trump’s proposed $5 million “gold card” for U.S. residency would be one the most expensive in the world, according […]
