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"Everything's on the table," an executive at JPMorgan Chase said, as the industry seeks to head off President Trump's effort to cap interest rates.
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Stock futures lose ground as traders weigh more bank earnings: Live updates CNBCStock Market Today: Dow, S&P 500 and Nasdaq called lower ahead of Bank of America and Citi earnings; gold and silver hit new record highs; traders on alert for possible Supreme Court tariff ruling. MarketWatchWall Street falls with financials amid credit card rate plan concern ReutersU.S. Futures Fall, Precious Metals Gain on Iranian Unrest The Wall Street Journal
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You may have more power than you think to challenge your high interest rate, particularly if you have a strong credit score and payment history.
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Wall Street executives warn Trump: Stop attacking the Fed and credit card industry AP NewsThe biggest hurdle to Trump's credit card proposals? His own party. PoliticoBanks warn consumers will be hurt by Trump's 10% cap on credit card interest rates ReutersJPMorgan Chase says banks could fight Trump credit card rate cap: 'Everything's on the table' CNBC
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Fact check: Trump litters Detroit economic speech with numerous false claims about economy CNNPresident Defends Economic Policies as He Insists Affordability Is ‘Fake' Word The New York TimesTrump visits Michigan to tout economic strategy; teases upcoming affordability plan KATUHere's how Michigan voters feel about Trump's handling of the economy, according to poll ClickOnDetroit | WDIV Local 4
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Banks say a proposed 10% cap on credit card interest rates would result in fewer credit card accounts for Americans and a hit to the U.S. economy.
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