Latest / THRIVE, a Paychex Business Podcast
Credit Card Interest Caps, Workplace Flexibility, Inflation Moderate
As the deadline arrives this week for the credit card industry to implement White House demands to cap credit card interest rates, Gene Marks shares that there is no outline of a plan of how this might be handled. He also says there are mixed reviews as to how this could impact small businesses, especially around cash flow. A report about workplace flexibility shows mothers taking the brunt, but Gene suggests businesses need transparency and to work with employees to find a balance. Also, consumer prices are up 2.7% year over year, but inflation remains moderate. Listen to the podcast…
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