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

Trump credit card cap update: White House clashes with top bank chief

The White House has criticized JPMorgan Chase CEO Jamie Dimon over the "criminal" interest rates the bank charges.

A 10% Rate Cap Would Force AI Reckoning for Banks

The recent 10% credit-card interest-rate cap proposed by Donald Trump triggered a frenzy of responses from the financial giants. JPMorgan Chase CEO Jamie Dimon warned of an “economic disaster,&r

White House Urges JPMorgan Chase to Cap Rates

The White House is intensifying pressure on JPMorgan Chase & Co. and its CEO, Jamie Dimon, to implement a cap on credit card interest rates. This demand aligns with President Trump’s broader efforts to address affordability concerns among American consumers. Peter Navarro, a White House trade advisor, publicly called on Dimon to reduce what he termed excessively high interest rates charged to consumers. Navarro, in a Bloomberg Radio interview, d…