The Trump Administration’s proposed 10% cap on credit card interest rates would harm access to credit as well as consumer spending in several sectors of the economy, Citi’s head of U.S. personal banking and incoming chief financial officer said Wednesday (Feb. 11). Get the Full Story...
Bank of America and Citigroup are reportedly considering offering credit cards with a 10% interest rate in response to President Donald Trump’s demand for a cap on rates. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
JPMorgan Chase CEO Jamie Dimon said a 10% credit card interest rate cap would be catastrophic, Reuters reported Wednesday (Jan. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Citigroup Chair and CEO Jane Fraser said Tuesday (Jan. 20) that she does not expect Congress to support the 10% cap on credit card interest rates proposed by President Donald Trump. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
November 19, 2025
Buy now, pay later (BNPL)’s rapid expansion across retail, travel, healthcare and even everyday essentials has made it one of the fastest-growing credit products in the United States, but its growth is increasingly shaped by changing legal and regulatory boundaries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free […]
August 04, 2025
For decades, homeownership has stood as the bedrock of the American dream — a symbol of prosperity, stability, and upward mobility. But for millions of U.S. households in 2025, that...
June 24, 2025
Federal Reserve Chair Jerome Powell told Congress on Tuesday (June 24) that higher tariffs will likely lead to higher prices down the line – though when, and how much of,...
May 15, 2025
The real estate industry, like many others, is confronting structural challenges that require not only resilience but reinvention. Get the Full Story Complete the form to unlock this article and...
February 24, 2026
Federal Reserve Governor Lisa Cook said in a Tuesday (Feb. 24) speech that rapid advances in artificial intelligence (AI) could pose new challenges for the central bank’s traditional tools as it fundamentally reshapes the U.S. economy. In remarks delivered at the National Association for Business Economics conference in Washington, D.C. as part of a panel […]
February 11, 2026
The Trump Administration’s proposed 10% cap on credit card interest rates would harm access to credit as well as consumer spending in several sectors of the economy, Citi’s head of U.S....
January 22, 2026
Bank of America and Citigroup are reportedly considering offering credit cards with a 10% interest rate in response to President Donald Trump’s demand for a cap on rates. Get the Full Story Complete the...
January 21, 2026
JPMorgan Chase CEO Jamie Dimon said a 10% credit card interest rate cap would be catastrophic, Reuters reported Wednesday (Jan. 21). Get the Full Story Complete the form to unlock...
