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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.
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cnbc.com
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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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.
