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Banks Have Only Questions — And No Answers — As Trump's Deadline For A Cap On Credit Card Rates Looms
The White House has not provided any detail about what will happen to credit card companies that don’t lower card rates.
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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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cnbc.com
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.
