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Trump calls for Congress to enact 10% credit card interest rate cap; bank stocks rise
The episode may show the limits of President Trump's ability to cajole the financial industry into voluntarily giving up billions of dollars in revenue.
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huffpost.com
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…
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cnbc.com
Jamie Dimon says U.S. should impose Trump's credit card rate cap in Vermont and Massachusetts
JPMorgan Chase CEO Jamie Dimon on Wednesday advocated for a test of President Donald Trump's proposed credit card rate cap in Vermont and Massachusetts.
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Trump calls for Congress to enact 10% credit card interest rate cap; bank stocks rise
The episode may show the limits of President Trump's ability to cajole the financial industry into voluntarily giving up billions of dollars in revenue.
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aljazeera.com
JPMorgan’s Dimon calls credit card interest rate caps a ‘economic disaster’
JPMorgan CEO Dimon said that Trump's push to cap rates at 10 percent would result in consumers losing access to credit.
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bbc.com
Trump credit card plan would be 'disaster', JP Morgan boss Dimon warns
Jamie Dimon said Donald Trump's interest rate cap proposal would restrict Americans' access to credit.