Kevin Hassett told Fox Business that U.S. banks could voluntarily provide credit cards to underserved Americans. President Donald Trump called for banks to cap credit card interest rates at 10%, an ...

White House National Economic Council Director Kevin Hassett said on Friday that the Trump administration is in talks with major banks about voluntarily issuing “Trump cards” that have a 10% interest ...

Bank of America and Citigroup are reportedly considering offering credit cards with a 10% interest rate in an effort to appease President Trump, who recently demanded a cap at that level for one year.

“If it were to happen, it would be very bad for consumers, very bad for the economy,” Barnum told reporters on a call Tuesday, noting that JPMorgan would be forced to significantly scale back its ...