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Wall Street executives warn Trump: Stop attacking the Fed and credit card industry AP NewsThe biggest hurdle to Trump's credit card proposals? His own party. PoliticoBanks warn consumers will be hurt by Trump's 10% cap on credit card interest rates ReutersJPMorgan Chase says banks could fight Trump credit card rate cap: 'Everything's on the table' CNBC
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Stock Market Today: Dow Opens Higher After CPI Shows Prices Rose 2.7% in December — Live Updates The Wall Street JournalStock market today: S&P 500, Dow, Nasdaq fall as CPI inflation eases, JPMorgan kicks off earnings Yahoo FinanceDow Leads Light Stock Market Declines; Why JPMorgan Chase's Sell-Off Wasn't A Sell Signal, For Now Investor's Business DailyWall Street falls with financials amid credit card rate plan concern Reuters
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The biggest hurdle to Trump's credit card proposals? His own party. PoliticoWall Street Is Suddenly on the Defensive With the President The Wall Street JournalBanks warn consumers will be hurt by Trump's 10% cap on credit card interest rates ReutersWall Street executives warn Trump: Stop attacking the Fed and credit card industry AP News
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Banks say a proposed 10% cap on credit card interest rates would result in fewer credit card accounts for Americans and a hit to the U.S. economy.
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A 10% cap on interest rates could mean a big hit to earnings at companies like Capital One and Synchrony. But a Jefferies analyst says it's "highly unlikely" that Trump gets his way.
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