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Yahoo BusinessJan 14, 2026
Klarna CEO backs Trump's 10% credit card cap, criticizing rewards as built on poorer borrowers' debt


RELATED ARTICLES
Under threat from Trump, Wall Street banks wager they can fend off credit card price controls (CNBC Finance)
What Trump's 10% cap on interest rates would mean for credit cardholders (Yahoo Business)

NYTimes BusinessJan 14, 2026
Why Banks Are So Worried About a 10% Credit Card Rate Cap
President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality.

FT.com - Financial MarketsJan 14, 2026
Wall Street hits back at Trump's plan to limit interest on credit cards
Banks such as Citigroup and Wells Fargo say capping rates would limit credit and hurt economic growth

Inc.comJan 14, 2026
Bilt Is All-In on Trump's Credit Card Interest Rate Cap. JPMorgan Is Preparing for a Fight
Why founder and CEO Ankur Jain says he wanted to lead the industry when it comes to affordability.



NYTimes BusinessJan 14, 2026
Banks Ready Battle Plans to Save Their Credit Card Businesses
"Everything's on the table," an executive at JPMorgan Chase said, as the industry seeks to head off President Trump's effort to cap interest rates.

Google Market NewsJan 14, 2026
US banking giants reap bigger profits as borrowers seek more loans - Reuters
US banking giants reap bigger profits as borrowers seek more loans  ReutersBank earnings show a monster 2025 and shareholders reap rewards  Yahoo FinanceBank Earnings: Wells Fargo, Bank of America, and More Roll Out  Barron'sWall Street heads for best investment banking year since pandemic  Financial TimesBig banks report earnings as Trump's credit card play poses new threat  qz.com
CNBC BusinessJan 13, 2026
JPMorgan Chase says banks could fight Trump credit card rate cap: 'Everything's on the table'
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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