Group 1 - The White House is considering an executive order to implement a credit card interest rate cap proposed by Trump, aiming to alleviate the cost of living pressures faced by Americans [2][7] - The proposed cap is set at 10% for a one-year period, with a deadline for implementation on January 20 [3][9] - Discussions are ongoing with major banks, which reportedly find the proposal feasible [8][9] Group 2 - Financial institutions are actively researching the specifics of the proposed credit card interest rate cap, with industry associations preparing responses to the policy [3][9] - Major banks, including JPMorgan Chase, Citigroup, and Bank of America, have expressed opposition to the 10% cap, citing insufficient understanding of the proposal's details [9][10] - The banking industry is concerned that the enforced rate cap could slow economic growth and restrict consumer access to credit [4][10] Group 3 - Consumer advocates worry that a 10% interest rate cap may lead banks to reduce credit availability, potentially putting consumers in financial distress [10] - The National Economic Council Director suggested the possibility of banks launching a new "Trump-branded credit card" with the proposed interest rate cap [5][10] - A financial company named Bilt has already introduced new credit card products with a 10% interest rate cap, applicable only to new transactions for one year [5][10]