Major US banks have lashed out at Donald Trump’s proposal to cap credit card interest rates to address affordability concerns, warning the move could undercut a crucial source of industry revenue. JPMorgan,

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.

Wall Street's long, transactional truce with President Donald Trump is cracking as his populist attacks on the Federal Reserve and the credit card industry collide with the interests of the country's biggest banks and payment networks.

Bank CEOs at Citi, JPMorgan and BofA warn Trump’s proposed 10% credit card rate cap could cut credit access and hurt spending—read the key takeaways now.

President Trump's announcement blindsided the industry, sending banking shares tumbling across Wall Street this past week.

Up until this week, Wall Street has generally benefited from the Trump administration’s policies and has been supportive of the president. That relationship has suddenly soured. When President Donald Trump signed the One Big Beautiful Bill into law in July,

The latest trio of big banks reported their results Wednesday — Bank of America, Citigroup and Wells Fargo — and while each of them do different flavors of banking the theme is the same: profits are up,