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Pres. Trump calls for credit card rate cap

Credit card and credit card issuer stocks feel the burn of Trump's call for 10% interest rate cap

Credit card and credit card issuer stocks fell on Monday in premarket hours after President Donald Trump late on Friday called for a one-year cap on credit card interest rates at 10%. His remarks drew immediate opposition from major banking groups.

The Points Guy · 2h

New push would cap credit card interest rates at 10%: Here's what we know

· 2d

Trump Pushes a 1-Year, 10% Cap on Credit Card Interest Rates and Banks Balk

· 5h

Explainer: How Trump's proposed cap on credit card rates could reshape consumer lending

Trump called for the cap on Friday, without detailing how the plan would be implemented, while Wall Street analysts said such a move would require legislation and has slim odds of getting clearance.

· 12h

Trump plan to cap credit card costs hits bank shares

· 7h

Capital One, Amex Shares Sink on Trump’s Credit-Card Threat

· 15h

Trump Says Credit Card Firms Violate Law If Rates Not Capped

But in response to Trump’s call, industry groups including the Bank Policy Institute and Consumer Bankers Association struck a more measured tone.

· 4h

Credit-card stocks are sliding, but Trump’s plan for a 10% rate cap isn’t a done deal

· 7h

Trump calls for 10% cap on credit card rates

5don MSN

JPMorgan Chase Reaches Deal to Take Over Apple Credit Card

Goldman Sachs is expected to offload the credit-card balances at a more than $1 billion discount.

5don MSN

JPMorgan Chase reaches deal to become Apple Card issuer as Goldman closes chapter on consumer foray

JPMorgan Chase has reached a deal to take over the Apple credit card from Goldman Sachs, according to a source.

1don MSNOpinion

Credit card fees cost Kansas businesses. Lawmakers can give them relief | Opinion

Every time you use your card, the credit card company adds a swipe fee of 2% to 4%. The Legislature should protect consumers and local merchants. | Opinion

Seeking Alpha

Synchrony Extends Consumer Credit Card Issuing Agreement with Chevron, Celebrates 17 Years of Innovative Financial Solutions for Consumers

Synchrony Continues as Exclusive Issuer of the Techron Advantage Credit Card for Chevron (CVX) and Texaco Customers STAMFORD, Conn., Dec. 18, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer financial services company, today announced the ...

Credit Card Posting Explained: Definition and Transaction Date Differences

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How to Increase My Apple Card Credit Limit in 2026

Apple launched its first credit card in August 2019, and as of early 2024 the Apple Card had more than 12 million users. Whether you applied for the card to enjoy the cash back benefits, the privacy, or the special financing on Apple products, you might be wondering if it's possible to get an increase to your credit limit.

How Credit Cards In Asia Are Losing Momentum

Explore the trends in the credit card markets of China, India, and Indonesia, and how regulatory changes and digital payment alternatives are shaping the future.