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Visa Faces Antitrust Scrutiny over Incentives to Banks

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  • Post last modified:April 9, 2021

The U.S Justice Department is scrutinizing Visa Inc.’s deals with banks enticing them to process more online debit-card transactions over its network, reports Bloomberg. Potential repercussions of the investigations could…

U.S Consumer Borrowing Rose 7.9% in February

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  • Post last modified:April 8, 2021

U.S. consumer credit rose 7.9% on an annualized basis in February, according to the Federal Reserve press release. Total credit jumped $27.6 billion from January, the largest gain since November…