The recent 10% credit-card interest-rate cap proposed by Donald Trump triggered a frenzy of responses from the financial giants. JPMorgan Chase CEO Jamie Dimon warned of an “economic disaster,&r ...
The biggest credit-card issuers collected about $146 billion in revenue last year from America’s reliance on debt.
President Donald Trump's support of legislation that would cap credit card interest rates at 10% has flagged in recent weeks, ...
If card-issuers are blocked from charging interest rates higher than 10 percent for consumers with a poor credit history, ...
The report indicated that analysts from Morgan Stanley recently wrote in a research note that — outside of Bread Financial ...
Trump’s apparent support for even a temporary rate cap on cards channels comments he made on the campaign trail and evokes the spirit of a bipartisan bill introduced by U.S. Sens. Bernie Sanders and ...
President Donald Trump called for a 10% cap on credit card interest rates. Here's what experts say that could mean for ...
On Friday, President Trump called for a one-year cap of 10% on credit card interest rates, set to begin Jan. 20. Without congressional legislation, implementing a rate cap would likely be challenging.
DUBLIN, Jan 28 (Reuters) - A proposal by U.S. President Donald Trump to cap credit-card interest rates, if implemented, could have a big impact on the profitable loyalty programmes of the ...
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