Kevin Hassett pivots to possible ‘Trump cards’ amid credit card battle with banks

Key Points

Kevin Hassett told Fox Business that U.S. banks could voluntarily provide credit cards to underserved Americans.
President Donald Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week.
At least one major credit card issuer and a bank lobbyist representing big lenders told CNBC that they haven’t yet had any discussions with the administration about a “Trump card” concept.

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Finance

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Finance

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