by Tyler Durden
Thursday, Jan 22, 2026 – 01:20 PM
Once again Trump’s brash negotiating style appears to be paying off.
Two weeks after Trump shocked the world by demanding lenders cap credit card interest rates at 10% for one year, Bank of America and Citigroup are exploring options to do just that in an attempt to placate the president.
Bloomberg reports that both banks are mulling offering cards with a 10% rate cap as one potential solution.
Source:
https://www.zerohedge.com/markets/bank-america-citigroup-may-may-launch-credit-cards-10-rate
Diem ‘Richard’ Nguyen
Liên Minh Bảo Hiến Mỹ Gốc Việt
Vietnamese American Conservative Alliance (VACA)
https://freedom-vaca.org/vaca-blog-tieng-viet-nam/