Trump's 10% credit card rate cap
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Why Synchrony Financial (SYF) Shares Are Plunging Today
Shares of consumer financial services company Synchrony Financial (NYSE:SYF) fell 8.1% in the afternoon session after President Donald Trump proposed capping credit card interest rates.
The issuer has a few standout cards in its portfolio. But customer satisfaction isn't Synchrony's strong suit, and its retail cards — like most others — have drawbacks and restrictions. Many or all of the products on this page are from partners who ...
Synchrony Financial has been raising annual percentage rates and adding fees to its credit cards in an effort to limit the impact of a pending new late-fee limit on the company's bottom line. The outcome of the CFFB's effort to slash credit card late fees ...
Major US banks have lashed out at Donald Trump’s proposal to cap credit card interest rates to address affordability concerns, warning the move could undercut a crucial source of industry revenue. JPMorgan,