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Trump targets credit card rates. What’s at stake for Capital One and other banks
Capital One shares sank Monday after Trump called for a 10% cap on credit card rates, a major profit driver for the company.
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cnbc.com
Trump calls for one-year cap on credit card interest rates at 10%
U.S. President Donald Trump did not provide details on how his plan would come to fruition or how he planned to make credit card companies comply.
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Banks including Citi, JPMorgan slide after Trump calls for credit card interest rate limit
Posting on Truth Social, Trump said said he would "no longer let the American Public be 'ripped off' by Credit Card Companies."
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ft.com
Shares in US credit card issuers slide after Trump calls for 10% rate cap
White House’s demand for limit on what issuers can charge rattles investors
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Trump's credit card rate cap plan has unclear path, 'devastating' risks, bank insiders say
A 10% rate cap would make large swaths of the credit card industry unprofitable, especially tied to customers with less-than-ideal credit, banks say.
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bbc.com
Trump plan to cap credit card costs hits bank shares
The US president has called for interest rates on credit cards to be capped at 10% for one year.
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Trump targets credit card rates. What’s at stake for Capital One and other banks
Capital One shares sank Monday after Trump called for a 10% cap on credit card rates, a major profit driver for the company.
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Trump floats 1-year, 10% credit card interest rate cap — what that could mean for your money
President Donald Trump called for a 10% cap on credit card interest rates. Here's what experts say that could mean for cardholders, if implemented.
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JPMorgan Chase says banks could fight Trump credit card rate cap: 'Everything's on the table'
Banks say a proposed 10% cap on credit card interest rates would result in fewer credit card accounts for Americans and a hit to the U.S. economy.
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Trump's credit card rate threat is hitting the banks. Some traders are calling his bluff
The opportunity may be ripe for investors to buy bank stocks at a discount.
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usatoday.com
Trump's 10 percent cap on credit cards may hurt more than some imagine
President Donald Trump noted at the Detroit Economic Club that he's calling to cap credit card rates at 10 percent for a year. But banks are pushing back.
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Under threat from Trump, Wall Street banks wager they can fend off credit card price controls
Five days after Trump's demand to cap credit card rates, bankers and lobbyists told CNBC they have yet to receive any formal or written guidance on the policy.