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Trump vs Jamie Dimon at Davos: JPMorgan CEO Warns Credit Card Rate Cap Could Backfire - WION [View all]
A sharp clash unfolded at Davos as Jamie Dimon warned that Donald Trump’s proposed credit card interest rate cap could hurt consumers. The JPMorgan Chase chief cautioned that up to 80% of Americans could lose access to credit, proposing pilot tests in Vermont and Massachusetts to assess the impact.
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