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Bloomberg Business @bloomberg.com · New York City 🇺🇸· 4w

#CreditCardRates #BankingIndustry #FinancialRegulation

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Bank of America, Citigroup Weigh New Credit Cards With 10% Rate
Offering new products with a 10% interest rate would be an easier path for banks to comply with Trump's demands, rather than reworking the terms and conditions on existing cards.
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New York Post @nypost.com · New York City 🇺🇸· 4w

#Economy #Banking #CreditCardRates

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JPMorgan CEO shares dire warning about Trump's 10% credit card cap:...
JPMorgan Chase CEO Jamie Dimon on Wednesday warned that President Trump's 10% credit card cap would force banks to yank credit lines for most Americans - hammering the economy.