Under threat from Trump, Wall Street banks wager they can fend off credit card price controls

Five days after Trump's demand to cap credit card rates, bankers and lobbyists told CNBC they have yet to receive any formal or written guidance on the policy.

Citi CFO says a credit card cap would have a 'deleterious' impact on the economy

Citi's CFO said the bank "would" and "could" not support the proposed cap.

Banks Ready Battle Plans to Save Their Credit Card Businesses

Everything’s on the table,” an executive at JPMorgan Chase said, as the industry seeks to head off President Trump’s effort to cap interest rates.

Trump opens door to Liz Warren on credit card rates as GOP weighs affordability fight

President Donald Trump calls Sen. Elizabeth Warren to discuss capping credit card interest rates at 10%, finding common ground with progressive Democrats on affordability.

JPMorgan's CFO warns cutting credit card interest could make the business not worth being in

JPMorgan Chase's chief financial officer outlined the impact of a rate cut on its credit card business on Tuesday, warning that such a move could have detrimental effects on the bank's lending business.

High earners have credit card debt, too. But they won't admit it.

Credit card debt is an embarrassment to many Americans. It is especially embarrassing, apparently, to people who earn a lot.

Costco quietly added a major credit card perk

But Costco members can benefit from the store’s branded credit card because it offers a major perk – 2% cash back on all Costco purchases. And that extends to Costco.com .
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