JPMorgan Chase says banks could fight Trump credit card rate cap: 'Everything's on the table'

JPMorgan Chase says banks could fight Trump credit card rate cap: ‘Everything’s on the table’

JPMorgan Chase CFO Jeremy Barnum hinted Tuesday the industry could fight President Donald Trump’s demand for credit card price controls, saying “everything’s on the table.” “If you wind up with weakly supported directives to radically change our business that aren’t justified, you have to assume that everything’s on the table,” Barnum said on a call…

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Trump's credit card rate cap plan has unclear path, 'devastating' risks, bank insiders say

Trump’s credit card rate cap plan has unclear path, ‘devastating’ risks, bank insiders say

(L-R) Wells Fargo CEO and President Charles Scharf, Brian Bank of America Chairman and CEO Thomas Moynihan, JPMorgan Chase Chairman and CEO Jamie Dimon, Citigroup CEO Jane Fraser, State Street CEO Ronald OÕHanley, BNY Mellon CEO Robin Vince, Goldman Sachs CEO David Solomon and Morgan Stanley CEO James Gorman, testify during a Wall Street oversight…

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