Trump, JPMorgan and credit card
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JPMorgan profit takes a hit
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JPMorgan Chase executives on Tuesday raised concerns about the Trump administration's Fed chair investigation and its proposed credit card interest rate cap. Why it matters: Wall Street has largely been aligned with the White House on economic matters — but this time is different.
16hon MSN
JPMorgan Chase says banks could fight Trump credit card rate cap: 'Everything's on the table'
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.
Apple Inc. (NASDAQ:AAPL) has chosen JPMorgan Chase (NYSE:JPM) as the new issuer of the Apple Card, ending Goldman Sachs' (NYSE:GS) role in a move that significantly reshapes the consumer finance ambitions of all three companies.