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Why a proposed 10% cap on credit card interest is rattling big banks | Fortune
The proposal was a major topic this week during earnings calls.
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cnbc.com
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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Sen. Warren says Trump called her to work on credit card interest rate caps
Republicans on Capitol Hill have lightly thrown cold water on capping credit card interest at 10%.
