Trump floats 10% credit card interest rate cap
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Banks are pushing back against renewed efforts to cap interest rates for consumers, after President Donald Trump endorsed the move as he seeks to show Americans he's working to make life in America more affordable ahead of the 2026 midterms.
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JPMorgan CFO warns Trump's proposed credit card cap could cause people to 'lose access to credit'
JPMorgan CFO Jeremy Barnum warned that President Trump's proposed 10% credit card interest rate cap could hurt the economy and reduce access to credit for consumers who need it most.