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It may come down to Trump using political pressure to force banks to cap interest rates on credit cards | Fortune
“I don’t have a specific consequence to outline for you but certainly this is an expectation and frankly a demand that the president has made.”
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fortune.com
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
Kevin Hassett pivots to possible ‘Trump cards’ amid credit card battle with banks
Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week.
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bbc.com
Trump's proposed credit card cap spotlights Americans' debt. Would it help?
President Trump's proposal to cap credit card interest rates at 10% - an idea with bipartisan support - received swift backlash from bank executives.
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huffpost.com
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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It may come down to Trump using political pressure to force banks to cap interest rates on credit cards | Fortune
“I don’t have a specific consequence to outline for you but certainly this is an expectation and frankly a demand that the president has made.”
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U.S. Bank Stocks Fall As Investors Weigh Credit Card Rate Cap Deadline
U.S. bank stocks fell in morning trading in a broader market decline, as investors awaited clarity on whether the Trump admin's Jan. 20 deadline to implement a 10% cap on credit…