Trump's proposed credit card rate cap: Sheila Bair weighs in
unknown📝 Article Content
President Trump called on Congress to implement a 10% cap on credit card interest rates. JPMorgan (JPM) CEO Jamie Dimon said this would create an "economic disaster." Sheila Bair, former chair of the Federal Deposit Insurance Corporation (FDIC), sits down with Market Domination Overtime host Josh Lipton to discuss the proposal and banks' reactions. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.
📄 Summary
President Trump called on Congress to implement a 10% cap on credit card interest rates. JPMorgan (JPM) CEO Jamie Dimon said this would create an "economic disaster." Sheila Bair, former chair of the Federal Deposit Insurance Corporation (FDIC), sits down with Market Domination Overtime host Josh Lipton to discuss the proposal and banks' reactions. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.