JPMorgan Chase CFO Jeremy Barnum said the industry could fight President Donald Trump's demand for credit card price controls. Banks and industry insiders say a proposed 10% cap on credit card interest rates would result in fewer credit card accounts for Americans and a dip in spending for the U.

U.S. House Speaker Mike Johnson on Tuesday said Congress should explore President Donald Trump's idea of imposing a cap on credit card interest rates but warned of the possibility of "negative seconda...

One reason banks are able to lend credit to riskier borrowers is that they can charge higher interest rates to recoup losses.