Original Content
The CFO of the largest U.S. lender didn’t rule out that the banking industry could take legal action if a credit card interest rate cap is imposed, as President Donald Trump has suggested.
JPMorgan CFO: Card interest cap would ‘significantly change’ bank’s business
AI Summary
JPMorgan CFO suggests the industry might take legal action if a credit card interest rate cap is imposed. The statement indicates potential regulatory changes that could significantly impact bank operations.
Texas Relevance
The article does not mention Texas, TCUD, or any Texas-specific entities and focuses on a national issue.