Jamie Dimon, the CEO of JPMorgan Chase, recently shared his thoughts on President Trump's proposal to cap credit card interest rates at 10%. He suggested testing this idea in Vermont and Massachusetts. He brought this up at the World Economic Forum in Davos, Switzerland. Dimon believes that a natio
U. S. bank stocks took a hit during morning trading on Tuesday. This happened as investors waited to see if a 10% cap on credit card interest rates would be enforced by the Trump administration. The deadline for this decision was January 20. The proposed cap aims to make credit cards more affordabl
The clock is ticking for credit card companies as a deadline set by President Trump looms. The president has called for a 10% cap on credit card interest rates, but with just days left, there's still a lot of uncertainty about what will happen next. The White House hasn't shared many details about
Banks are in a tough spot right now. President Trump has suggested capping credit card interest rates at 10% for a year. This idea has caused quite a stir in the finance world. Banks are trying to figure out what to do next. The problem is, there's no clear plan on how this cap would work. The Whit
U. S. banks are in a tough spot. President Trump recently suggested capping credit card interest rates at 10% for a year. This idea has sparked confusion and concern across the finance industry. The announcement came with no clear plan on how to enforce it. Banks are left wondering what to do next.
Credit card interest rates are a hot topic right now. President Trump has suggested a 10% cap on these rates. This idea has sparked a debate. On one side, there are people who think it will help consumers. On the other side, banks and credit card companies are against it. Banks say a rate cap will
The idea of capping credit card interest rates at 10% for a year is back on the table, thanks to a push from the President. This proposal, which was part of his campaign promises, has sparked a heated debate. On one side, there are those who believe it could save Americans a significant amount of mo
A prominent investor has raised concerns about a recent proposal to limit credit card interest rates. Bill Ackman, the CEO of a major investment firm, took to social media to criticize President Donald Trump's suggestion of a temporary 10% cap on credit card interest rates. Ackman argued that such
President Donald Trump recently proposed a temporary 10% cap on credit card interest rates. This idea was shared on his social media platform, Truth Social. He wants this cap to start on January 20, which is the one-year mark of his return to the White House. However, he didn't explain how this cap
