Capping credit card interest rates at 10% could save consumers billions of dollars, but potentially hurt lower-income Americans, experts said.

President Donald Trump’s proposed 10% cap on credit card interest rates is politically attractive but, if implemented as a blunt one-year price ceiling, would likely push banks to shut down or shrink ...

"It would be very bad for consumers, very bad for the economy," JPMorgan Chief Financial Officer Jeremy Barnum told reporters on Tuesday's earnings call, ‌adding that the bank would have to change the...