Unleash Prosperity warns capping credit card rates at 10% would act as a price control, potentially eliminating rewards ...

Jan 21 (Reuters) – JPMorgan Chase CEO Jamie Dimon warned on Wednesday that a proposal to cap credit card interest rates would amount to economic disaster, while U.S. President Donald Trump doubled ...

During the company’s fourth-quarter earnings call on Thursday, Fairbank argued that “putting a price control in place” will not make credit more affordable, but would instead make credit “less ...

A federal appeals court has agreed to rehear a challenge to a Colorado law intended to combat "rent-a-bank," arrangements ...

JPMorgan Chase CEO Jamie Dimon issued a stern warning about President Donald Trump's credit card rate cap at the World Economic Forum in Davos on Wednesday, saying that it would be an "economic ...

The average credit card interest rate is now a whopping 23.79% — a rate that makes it difficult to crawl your way out of credit card debt once you have it. But that rate would be a lot lower if ...

In a new push to address affordability concerns on voters’ minds before the midterm elections, President Donald Trump has recently called for a cap on credit card interest rates, without a clear plan ...

GUNNISON, Utah — President Trump's proposal to cap credit card interest rates is a move that could lower costs for millions who carry debt. often just to cover basic necessities. Any credit card cap ...

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,” a view ...

President Donald Trump’s recent proposal to cap credit card interest rates at 10% for one year aims to ease the burden on families facing high borrowing costs. The intent is straightforward and ...