Banks Really Hate Trump’s Credit Card Proposal
Big Take23 Jan

Banks Really Hate Trump’s Credit Card Proposal

President Trump has revived a campaign pledge to cap credit card interest rates at 10%. It’s an effort to address affordability concerns among American consumers and help borrowers. But the banking industry is not thrilled about the idea – and says the proposal could block some people from accessing credit at all.

On today’s Big Take podcast, Bloomberg finance reporter Claire Ballentine joins host Sarah Holder to break down the arguments and talk through what it would take to make the proposal a reality.

Read more: Trump’s Call for 10% Credit-Card Cap Aims at Banks’ Crown Jewels

Further listening: How World Leaders – and Markets – Are Reacting to Trump’s Davos Speech

Hosted by Sarah Holder; Produced by Julia Press and Rachael Lewis-Krisky; Reported by Claire Ballentine; Edited by Tracey Samuelson; Fact-checking by David Fox and Rachael Lewis-Krisky; Engineering by Katie McMurran; Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

Episoder(811)

Inside ICE’s Plan to Build Detention ‘Mega Centers’

Inside ICE’s Plan to Build Detention ‘Mega Centers’

ICE has been open about its aggressive detention and deportation targets. And now, the agency has its sights set on a new kind of facility to house the people it arrests: converted warehouses that cou...

20 Jan 19min

Trump’s Economy, One (Second) Year In

Trump’s Economy, One (Second) Year In

This week marks the end of President Trump’s first year back in office. His busy economic agenda included global tariffs, deregulation, tax cuts and so much more. The deep and dramatic changes the Tru...

19 Jan 17min

The Domino Effect of the ‘Donroe Doctrine’

The Domino Effect of the ‘Donroe Doctrine’

For Beijing, the US capture of Venezuelan President Nicolás Maduro was a mixed bag -- an embarrassing surprise, a wake-up call over its alliances in Latin America and an opening to step up on the worl...

16 Jan 19min

Trump’s Latest Target: Corporate Landlords

Trump’s Latest Target: Corporate Landlords

Since the 2008 financial crisis, private equity firms and other large investors have bought hundreds of thousands of homes across the US, expanding their footprint in the American real estate market. ...

15 Jan 18min

Pressure Is Mounting on Iran's Regime

Pressure Is Mounting on Iran's Regime

Weeks of protests in Iran started over the high price of food and essential goods. They quickly engulfed the nation and, before long, were met with deadly force by the Iranian regime’s security forces...

14 Jan 19min

Minnesota v. ICE

Minnesota v. ICE

This week, following the deadly shooting of Renée Good by an ICE agent in Minneapolis, the state of Minnesota sued the federal government in a bid to kick out thousands of Immigration and Customs Enfo...

14 Jan 17min

Powell Makes His Case to The American People

Powell Makes His Case to The American People

On Sunday night, Federal Reserve Chair Jerome Powell announced that the US Department of Justice had served the Fed with grand jury subpoenas threatening a criminal indictment over a costly renovation...

12 Jan 17min

Why Trump Wants Venezuela’s Oil

Why Trump Wants Venezuela’s Oil

After the Trump Administration’s strike on Venezuela and the arrest of President Nicolás Maduro, there’s one word on everyone’s mind: oil. President Trump has big plans for the country’s vast reserves...

9 Jan 18min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
aftenpodden-usa
forklart
popradet
stopp-verden
det-store-bildet
bt-dokumentar-2
rss-gukild-johaug
dine-penger-pengeradet
nokon-ma-ga
lydartikler-fra-aftenposten
fotballpodden-2
hanna-de-heldige
frokostshowet-pa-p5
rss-penger-polser-og-politikk
aftenbla-bla
e24-podden
rss-dannet-uten-piano
rss-ness