banking

In January, President Trump urged Congress to cap credit card interest rates at 10% and said Americans are being “ripped off” by credit card companies. Bankers quickly opposed the idea, with some calling it an economic disaster. There is also debate over capping credit card late fees. We look at the pros and cons of these proposals and whether any of them would lead to more affordability.

Credit unions are seeking to expand into rural areas through legislation moving in the state House, a move they say would improve access to banking.

On this week's BizWorthy, we remember a man who helped turn Charlotte into the banking center it is today. Ed Crutchfield died Tuesday at 82. As CEO of First Union in the 1980s and '90s, Crutchfield grew the bank into one of the largest in the country by acquiring other banks.

There was a big election last week in North Carolina for the board of directors of the State Employees’ Credit Union. Members of the credit union, which is the second largest of its kind in the country, ousted three members of its board in favor of candidates who oppose a major change the credit union has made to its lending policy.

Banking reporter Hannah Lang took a look at the state of small banks. She found the situation is more nuanced, and maybe not quite as dire, in North Carolina. She spoke with WFAE's Marshall Terry about her findings.

A climate protest in uptown Charlotte at midday Tuesday called on Bank of America, Wells Fargo and other large banks to stop financing fossil fuel-related businesses.

The collapse of Silicon Valley Bank has many companies bracing for the impact of its failure. SVB served nearly half of all U.S. tech startups backed by venture capital.

Cornelius-based Aquesta Financial Holdings, parent of Aquesta Bank, is being sold to United Community Banks of Greenville, South Carolina, for $131 million.

Charlotte-based Truist Financial Corp. cut 800 jobs across the company during the first three months of the year. That came as the sixth largest U.S. bank…

Wells Fargo's new CEO says the bank needs to cut costs and continue to address legal problems that have dogged the company for years. Charlie Scharf, who…