Trump's 10% Credit Card Cap Sparks Backlash— Bernie Sanders Says It's 'Unacceptable' - JPMorgan Chase (NYSE:JPM)
President Donald Trump called for a one-year cap setting credit card interest rates at 10%, saying the American public is being "ripped off." The move has sparked criticism from both sides of the political spectrum, with Sen. Bernie Sanders (I-Vt.) calling it “unacceptable”.Trump announced the cap effective Jan. 20 on Friday in a post on his Truth Social account. Trump’s plan, however, lacks specifics on how it will be implemented and enforced. The issue of high credit card interest rates has been a long-st ...