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,” a view ...

A proposed 10% cap on credit card interest rates may sound appealing on first blush, but some industry experts are warning of unintended consequences. Such a rate cap, they say, could result in more ...

LOUISVILLE, Ky. (WAVE) - What would President Trump’s proposed 10% credit card cap mean for you if the legislation is passed by Congress? Private credit expert and financial thought leader Dean ...

WASHINGTON — President Donald Trump's headline-grabbing ultimatum for a 10% interest rate cap on credit cards failed to materialize by his self-imposed deadline of January 20th. Processing Content ...

President Trump, under pressure to bring down the painfully high cost of living, announced at Davos that he is calling on Congress to cap credit card interest rates at 10 percent for one year. Its ...

Key insight: Banks have been much more vocal in opposing President Trump's proposal for a 10% cap on credit-card interest rates, but retailers also have much to lose under such a plan. Supporting data ...

UNITED STATES — President Trump has proposed setting a universal 10% interest rate cap and intends to request Congress to approve this limit for one year. The proposed cap has raised concerns among ...

Credit card interest can take a balance that seems manageable and make it balloon — sometimes into an amount that feels totally untenable. Part of the problem is how steep interest rates can be, often ...

During the company’s fourth-quarter earnings call on Thursday, Fairbank argued that “putting a price control in place” will not make credit more affordable, but would instead make credit “less ...

President Donald Trump is once again trying to get banks to cap the interest rates they charge on credit cards. He acknowledged this week that he needs help from Congress to do so. He devoted part of ...

JPMorgan Chase CEO Jamie Dimon issued a stern warning about President Donald Trump's credit card rate cap at the World Economic Forum in Davos on Wednesday, saying that it would be an "economic ...

“It would remove credit from 80% of Americans, and that is their back-up credit,” Dimon said, though he added that JPMorgan would survive the impact. The banking chief emphasized that consequences ...