JPMorgan CFO: Card interest cap would ‘significantly change’ bank’s business

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Dive Brief: President Donald Trump’s proposed 10% credit card interest rate cap, if it were put in place, would force JPMorgan Chase to “significantly change and cut back significantly” its credit card business, CFO Jeremy Barnum said Tuesday as the bank reported fourth-quarter earnings.  “Our belief is that actions like this will have the exact opposite consequen ...