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Stockreport

Americans would save $100B if credit card rates were capped as Trump proposed, researchers say [Globe and Mail, The (Toronto, Canada)]

American Express Company (AXP)  More Company Research Source: Globe and Mail, The
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
interest rates at 10% were implemented, according to a paper published by Vanderbilt University on Thursday. Further, the banks and credit card companies would be able to withstand, and even still be profitable, if there were to be a national cap on interest rates. While limited in scope, the paper gives some academic backing to President Trump's campaign promise. The paper found that banks would still be able to earn a profit on most of their customers even if credit card interest rates were capped at 15%, and if the banks continued to offer rewards and perks like points and airport lounge access. If interest rates were capped at 10%, the business model gets more difficult for the banks, but they could still make money off most card customers by cutting back on some rewards. Usury laws are as old as the Bible but have gotten traction again through Trump's populist politics. When he was a candidate in the 2024 election, Trump proposed a temporary 10% cap on credit card interest [Read more]
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Stockreport

Americans would save $100B if credit card rates were capped as Trump proposed, researchers say [Globe and Mail, The (Toronto, Canada)]

American Express Company  (AXP) 
More Company Research Source: Globe and Mail, The
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
interest rates at 10% were implemented, according to a paper published by Vanderbilt University on Thursday. Further, the banks and credit card companies would be able to withstand, and even still be profitable, if there were to be a national cap on interest rates. While limited in scope, the paper gives some academic backing to President Trump's campaign promise. The paper found that banks would still be able to earn a profit on most of their customers even if credit card interest rates were capped at 15%, and if the banks continued to offer rewards and perks like points and airport lounge access. If interest rates were capped at 10%, the business model gets more difficult for the banks, but they could still make money off most card customers by cutting back on some rewards. Usury laws are as old as the Bible but have gotten traction again through Trump's populist politics. When he was a candidate in the 2024 election, Trump proposed a temporary 10% cap on credit card interest [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AXP
Last Price
Price Change
Price Change %
Volume Shares
Max Up
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Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
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MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
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%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS