Tuesday was a deadline for President Donald Trump's 10% cap on credit card interest rates. Now he's calling on Congress to ...
A proposal floated by President Trump to temporarily cap credit card interest rates at 10% has opened debate over how much relief borrowers could actually see.
Knewz on MSN
Trump makes moves on credit cards
Donald Trump announced a proposal to impose a one-year cap of 10 percent on credit card interest rates, saying the move would ...
JPMorgan CEO Jamie Dimon said a temporary interest rate cap could limit credit access for millions of Americans.
The first step, consumer finance experts say, is to ask your card issuer to reduce the rate. And with average balances now $6,500, consider using your tax refund to put a dent in the debt.
Many credit cards offered by major retailers continue to charge exorbitant annual percentage rates, despite moves by the Federal Reserve to lower interest rates in the economy. In a report released ...
"It would be an economic disaster, and I'm not making that up because our business … we would survive it, by the way," JPMorgan CEO Jamie Dimon said at the World Economic Forum last week. Dimon added ...
President Trump, under pressure to bring down the painfully high cost of living, announced at Davos that he is calling on Congress to cap credit card interest rates at 10 percent for one year.
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