Banks CEOs Carefully Push Back on Trump's Credit-Card Rate Cap

Core Viewpoint - Bank executives are cautiously opposing President Trump's proposal to temporarily cap credit-card interest rates at 10%, while trying to avoid conflict with the White House [1] Group 1 - The banking industry is navigating a delicate balance between opposing the interest rate cap and maintaining a positive relationship with the current administration [1] - Executives are concerned that capping interest rates could impact their profitability and lending practices [1]