What business leaders are saying about Trump's credit card cap plan, from Jamie Dimon to David Solomon

Tech Insider : Business, Economy, Travel
US President Donald Trump looks at a pre-paid debit card during a meeting with his cabinet on May 19, 2020 in the Cabinet Room of the White House in Washington, DC. - The card will be issued by the Internal Revenue Service to distribute nearly 4 million dollars in stimulus aid during the coronavirus pandemic.

Trump says his call for a 10% credit card cap sounds like Zohran Mamdani's idea

Tech Insider : Politics, Economy, Business
Zohran Mamdani and Donald Trump
Trump said it "sounds like the mayor of New York maybe came up with that," referring to his call for a 10% cap on credit card interest rates.

Demetrius Freeman/The Washington Post via Getty Images

Trump's Davos speech put affordability front and center. Here's what the data says.

Tech Insider : Economy, Business, Style
Trump in front of a helicopter
Trump arriving in Switzerland, where he focused his Davos speech on affordability.

Chip Somodevilla/Getty Images

Bilt unveils credit cards with 10% interest rate for first year after Trump calls for cap

Tech Insider : Politics, Business, Economy
Bilt Rewards CEO Ankur Jain
Bilt Rewards CEO Ankur Jain

Taylor Hill/Getty Images

Trump's big swing at credit card interest rates targets a growing American problem

Tech Insider : Economy, Business, Style
President Donald Trump
President Donald Trump's proposal to cap credit card interest rates at 10% comes as Americans' debt loads are at record highs.

Alex Wong/Getty Images

Klarna CEO backs Trump's 10% credit card cap, criticizing rewards as built on poorer borrowers' debt

Tech Insider : Economy, Business
Sebastian Siemiatkowski, CEO of online lender Klarna.
Klarna CEO Sebastian Siemiatkowski said President Donald Trump's plan to cap credit card interest rates for a year makes sense.

Spencer Platt/Getty Images

I bought a company with my credit card. Twenty years later, it generated $55 million in global sales.

Tech Insider : Business
Teresa Johnson and her daughter
Teresa Johnson started her business by putting $25,000 on a credit card.

Courtesy of Teresa Johnson

The United States of Fraud

Tech Insider : Economy, Business, Crypto
The statue of liberty dressed like a thief

Getty Images; Rebecca Zisser/BI

What the Fed's December interest rate cut means for your wallet

Tech Insider : Economy, Business, Style
aerial view of housing
The federal funds rate will affects mortgages for American homebuyers.

Bim/Getty Images

Veteran investor Tom Russo says resilience is key to success, and credit-card debt and gambling can hold people back

Tech Insider : Business, Travel
Investor Tom Russo
Investor Tom Russo said he's more concerned about US debt and a weaker dollar than a crash in AI stocks.

Gardner Russo & Quinn

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