Wall Street executives warn Trump: Stop attacking the Fed and credit card industry

    https://apnews.com/article/banks-trump-jamie-dimon-jpmorgan-credit-cards-bny-b4f31993a64c31687c91f17beab0a98a

    Posted by jonfla

    8 Comments

    1. More on this subject from other reputable sources:


      – Time (B): [Trump’s Proposed Change to Credit Cards, Explained](https://time.com/7345876/trump-credit-card-proposal-interest-rate-cap-benefits-risks/)
      – Axios (B+): [Mike Johnson criticizes Trump’s 10% credit card cap](https://www.axios.com/2026/01/13/mike-johnson-trump-credit-card-cap)
      – Straits Times (B): [Trump calls for one-year cap on US credit card interest rates at 10%](https://www.straitstimes.com/world/united-states/trump-calls-for-one-year-cap-on-credit-card-interest-rates-at-10)
      – CBS News (B+): [Trump urges credit card companies to slash interest rates to 10% for one year](https://www.cbsnews.com/news/trump-urges-credit-card-companies-to-slash-interest-rates/)


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    2. Trump told reporters Tuesday that he was not going to back down the credit card interest rate issue. … we shall see. The effective date for the measure is January 20 which is 6 days from now.

    3. So he’s pissing off Oil and Wall Street, along with anyone who isn’t brainwashed. What could go wrong?

    4. Chemical-Ebb6472 on

      Only Socialists and Communists want to control “free” market rates.

      Trump, and his Red Party, are nominally neither (he just marries communists and dreams of one day growing up to be a full on “Commie” Dictator) so realize this is all a media ploy to get you suckers thinking he cares about your credit card debt (and so many of you seem to be taking the bait).

    5. Ok-Firefighter-6172 on

      My understanding is credit card companies will dump a significant number of its clients

    6. Trump: “I’m taking tons of expensive gifts from everyone. Gold bars, big planes, fake Peace Prizes… I order ICE and Border Patrol to harass citizens in blue states… I order the FBI to go after people I don’t like and constantly call out by name, even posting private messages as unintentional tweets to show it… I’m suing the government and ordering to government to settle to give me hundreds of millions of dollars…”

      Wall Street: 😗

      Trump: “I say cap on credit cards and want to go after Powell.”

      Wall Street:

      ![gif](giphy|110MZt5qYxdrH2)

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