Bank of America CEO Moynihan Says Credit Card Cap May Not Work as Expected

Group 1 - The core viewpoint of the article is that Bank of America is actively collaborating with the White House to address affordability issues faced by Americans [1] - CEO Brian Moynihan expresses concerns that President Trump's proposed 10% cap on credit card interest rates may lead to unintended consequences [1] - Moynihan's comments were made during an interview on "Bloomberg Surveillance" at the World Economic Forum in Davos [1]