Trump Credit Card Cap Update: White House Clashes With Top Bank Chief

Government

President Donald Trump's push for credit card issuers to lower their interest rates has sparked a heated confrontation with Jamie Dimon, the CEO of JPMorgan Chase. In January, the president called for a one-year 10 percent cap on interest rates, intended to curb what he described as abuse by U.S. lenders who had "ripped off" the American public. Issuers and banking associations have sharply criticized the proposal—Dimon being among the most vocal opponents —but the administration has not backed

Tag-uri: Donald Trump

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