Bank CEOs Warn Against Credit Card Interest Rate Cap
Top US bank executives oppose President Trump's proposed 10% cap on credit card interest rates, warning it would harm low-income consumers, restrict credit, and impact bank earnings.
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Latest reporting and analysis tagged with credit cards.
Top US bank executives oppose President Trump's proposed 10% cap on credit card interest rates, warning it would harm low-income consumers, restrict credit, and impact bank earnings.
Bank of America's Q4 profit rose 12% as consumer spending increased and credit card delinquencies fell. CFO Alastair Borthwick noted consumer resilience, while the bank reported earnings of $7.6 billion.