Watch Out! Major Banks Like Citi and JPMorgan Tumble as Trump Calls for Credit Card Interest Rate Changes
Highlights: President Trump proposes a one-year cap on credit card interest rates at 10%, impacting financial stocks. Major banks like Citigroup and JPMorgan Chase experienced substantial premarket losses. A congressional approval is necessary for the cap to be imposed, highlighting ongoing interest in regulating credit fees. Introduction to the Proposal In a significant move that […]
