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JPMorgan Warns 10% Credit Card Rate Cap Would Backfire on Consumers and Economy

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 c… [+918 chars] 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 c… [+918 chars] msmash Slashdot.org
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Niles nilo
January 22, 2026
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