JPMorgan Warns 10% Credit Card Rate Cap Would Backfire on Consumers and Economy
JPMorgan Chase’s chief financial officer Jeremy Barnum pushed back hard on Tuesday against President Donald Trump’s proposed 10% cap on credit card interest rates, calling the measure “very bad for consumers” and “very bad for the economy” during a call with reporters.

The proposed one-year cap, which Trump has said he wan … ⌘ Read more