Philippines, the call‑center capital: Taking a deluge of calls for under $2 an hour
The Asian country is a global leader in customer services, with Western corporations employing young people at salaries well below the cost of living
Regulator proposes capping credit card late fees at $8, latest in Biden’s campaign against junk fees
The rule would bring the average credit card late fee down from $32. The bureau estimates banks brought in roughly $14 billion in credit card late fees a year
Capital One to buy Discover for $35 billion in deal that combines major US credit card companies
The deal will potentially shake up the payments industry. The U.S. credit card market is dominated by the Visa-Mastercard duopoly with AmEx being a distance third place
Buffett touts benefits of buybacks in his shareholder letter
Critics of stock buybacks are “either an economic illiterate or a silver-tongued demagogue” or both, he said
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