President Donald Trump has said his plan to impose a temporary cap on credit card interest rates would curb “abuse” by U.S. lenders, but this has faced pushback from the banking industry, and experts ...
President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality. By Stacy Cowley and Niko Gallogly Banks and lenders have been in a tizzy ever ...
Trump’s proposed 10% credit card rate cap triggered a 7% decline in American Express shares. JPMorgan warns the cap could restrict lending access to higher-risk borrowers. Credit card issuers may ...
It wasn't immediately clear how the president plans to enforce the policy, which he said would take effect later this month. President Donald Trump is calling for a cap on credit card interest rates ...
FIRST ON FOX: A Senate Republican wants to codify President Donald Trump’s desire to cap credit card interest rates, but it's an idea that’s already been met with resistance among top Republicans. Sen ...
NEW YORK (AP) — Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars. However, it ...
President Trump on Friday called on credit card companies to cap interest rates at 10% for one year, beginning later this month. “Please be informed that we will no longer let the American Public be ...
Bill Ackman said President Donald Trump's call for a one-year cap on credit card interest was a "mistake." The hedge fund billionaire said a rate cap could lead to millions having credit cards ...