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Five days after Trump's demand to cap credit card rates, bankers and lobbyists told CNBC they have yet to receive any formal or written guidance on the policy.
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President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality.
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Why founder and CEO Ankur Jain says he wanted to lead the industry when it comes to affordability.
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SC measles outbreak has gone berserk: 124 cases since Friday, 409 quarantined Ars TechnicaNearly 1,000 visited SC State Museum on day of possible exposure FOX CarolinaSouth Carolina reports 124 new measles cases as outbreak grows ABC NewsSouth Carolina schools face measles risk as vaccination rates drop to 20%, state epidemiologist warns Re
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Republicans on Capitol Hill have lightly thrown cold water on capping credit card interest at 10%.
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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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Surging grocery prices were offset by lower increases for appliances and vehicles in the last such report before the Federal Reserve meets to debate interest rates.
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