The deal would give the credit-card issuer access to technology used by thousands of companies for corporate credit cards.
Wells Fargo CEO Charlie Scharf told CNBC on Thursday a broad 10% credit card rate cap would be “a real problem,” warning it could lead to a meaningful reduction in available credit, though he prai

Jobless Claims Come in Slightly Higher

12:11pm, Thursday, 22'nd Jan 2026
Jobless Claims Come in Slightly Higher.
Weekly Jobless Claims continue to portray a labor market cruising along at a healthy low rate of unemployment claims.
Bank of America CEO Brian Moynihan discusses the company's work with the White House to solve affordability issues for Americans. He says President Donald Trump's proposed 10% cap on credit card inter
Wells Fargo CEO Charlie Scharf joins 'Squawk Box' to discuss the state of the economy, his thoughts on the next Fed chair, President Trump's credit card rate cap proposal, company growth outlook, and
Here are five key things investors need to know to start the trading day.
U.S. stock futures rose Wednesday night after President Donald Trump signaled a retreat from planned tariffs on the European Union, following what he described as a "very productive" meeting with NATO
U.S. President Donald Trump said on Wednesday he has had calls from credit-card companies, ​saying those firms should "give people a break," as the Republican ‌leader doubled ‌down on a proposal
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President Donald Trump talks with CNBC's Joe Kernen for an interview in Davos, Switzerland.
JPMorgan CEO Jamie Dimon warns that President Donald Trump's proposed 10% credit card rate cap would be an "economic disaster" for the U.S.
President Donald Trump speaks at the World Economic Forum in Davos, Switzerland.
President Donald Trump urged Congress to pass a law limiting credit card interest rates to 10%. It followed a social media post where he urged banks to set that cap.
JPMorgan Chase CEO Jamie Dimon called President Donald Trump's proposed 10% cap on credit card interest rates an "economic disaster." He suggested the U.S. government should test the cap in two states
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