Morning Business Report: Banks, tech deals, and market moves
JPMorgan Chase & Co. is warning that President Donald Trump’s proposal to cap credit card interest rates at 10% could significantly change the bank’s business and harm both lenders and customers.
(LILAMAX)- JPMorgan Chase & Co. is warning that President Donald Trump’s proposal to cap credit card interest rates at 10% could significantly change the bank’s business and harm both lenders and customers. Bank executives say all options are on the table as they push back against the proposed rate cap. The Federal Reserve reports Americans now owe about $1.25 trillion…