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

The AI race between China and the U.S. heats up. These stocks could be winners, Bernstein says

March 22, 2026

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Finance

SEC Commissioner Hester Peirce on ETFs: ‘We want to work with people on new products’

March 21, 2026

ETF Edge SEC Commissioner Hester Peirce on ETFs: ‘We want to work with people on new products’ Published Sat, Mar 21 202611:00 AM EDT Blair Bao WATCH LIVE Source

Finance

Small cap-focused Russell 2000 becomes the first of major U.S. benchmarks to enter correction territory this year

March 20, 2026

Key Points The Russell 2000 has fallen more than 10% off its recent high, becoming the first of the major U.S. benchmarks to fall into correction territory this year. A correction is defined as a decline of more than 10% and less than 20% from a recent high. Small caps are especially sensitive to changes […]