Wall Street pushes back on Trump's credit-card interest cap
TL;DR Summary
Wall Street has pushed back against President Trump's plan to cap credit-card interest rates, warning the measure could squeeze lenders’ profitability and affect consumer credit, signaling a contentious regulatory debate ahead.
- Wall Street hits back at Trump’s plan to limit interest on credit cards Financial Times
- Banks Ready Battle Plans to Save Their Credit Card Businesses The New York Times
- Column | You don’t need Trump to cap your credit card interest. Just use this script. The Washington Post
- Citi Warns of Potential Economic Slowdown From Trump’s Credit Card Cap Bloomberg.com
- President Trump wants to cap credit card interest at 10%: the pros & cons for borrowers FOX 26 Houston
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