Scaramucci bags Trump’s credit-card cap as a hard-left pivot sparked by texts with Mamdani
TL;DR
Former White House communications director Anthony Scaramucci says Trump’s proposal to cap credit-card interest at 10% is a hard-left populist move, more aligned with Democratic policy than GOP orthodoxy, though it would require congressional approval. He ties the stance to Trump’s reported text exchanges with New York City mayor Zohran Mamdani and notes bankers’ objections, while colleagues debate the GOP’s identity amid broader consumer debt strain.
Topics:businesspolitics#anthony-scaramucci#credit-cards#donald-trump#politics#white-house#zohran-mamdani
- Scaramucci on Trump's move to cap credit-card fees: He's 'texting back and forth with Mayor Mamdani' Fortune
- Kevin Hassett pivots to possible ‘Trump cards’ amid credit card battle with banks CNBC
- Trump’s affordability pledge strikes directly at the heart of Wall Street’s profit engine CNN
- Donald Trump’s crusade against usury reaches Wall Street The Economist
- GOP breaks with Trump on credit card interest rate cap proposal The Hill
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