Jim Cramer Says 'Wall Street Doesn't Seem To Care' About Trump's 10% Cap On Credit Card Rates, Warns 'Millions' Will Lose Access To Credit - American Express (NYSE:AXP)
President Donald Trump’s proposal to impose a one-year 10% cap on credit card interest rates is being met with indifference on Wall Street, according to TV host Jim Cramer.Wall Street ‘Doesn’t Seem To Care’Cramer said Trump has “decided that credit card companies will have to cap rates at 10% for a year,” while noting that the move requires Congressional approval, on CNBC’s “Mad Money” on Monday.“Congress would need to pass actual legislation to make that happen,” Cramer said, while suggesting that Trump co ...