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Itamar Drechsler

A collection of 1 post
Banks Prepare to Fight Trump’s Proposed 10% Credit Card Rate Cap — Static01.nyt.com
Business

Banks Prepare to Fight Trump’s Proposed 10% Credit Card Rate Cap

America’s largest banks, including JPMorgan Chase, are preparing to contest a White House proposal backed by President Trump to cap credit card interest rates at 10 percent. JPMorgan’s chief financial officer, Jeremy Barnum, said after the bank’s earnings call that “everything’s on the table” to block
14 Jan 2026 1 min read
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