International

Fitch Ratings: EU interchange regulation to have largest impact on card-issuing banks

Fitch Ratings said on Wednesday that the European Commission’s proposal to cap interchange fees for some European debit and credit transactions will likely have the largest impact on card-issuing banks across the continent. The proposal targets Visa, MasterCard, American Express and Discover and would cap interchange fees at 0.2 percent for... Read More...

Norwegian banks raise mortgage rates, citing pending regulations

Citing pending regulations, several Norwegian banks have recently raised home mortgage interest rates, drawing complaints from politicians and the public that the banks are trying to blame new laws as part of an effort to increase income. Norges, Norway’s central bank, announced last week that it would maintain its key lending rate at 1.5... Read More...