Hassett pivots to possible 'Trump cards' amid credit card interest rate battle with banks

White House economic advisor Kevin Hassett suggests that large U.S. banks could voluntarily provide credit cards to underserved Americans as an alternative to President Trump's proposed cap on credit card interest rates. Trump's idea of capping rates at 10% has been rejected by industry executives and lobbyists. Hassett's proposal focuses on consumers who lack credit access but have sufficient income and stability. The administration may be shifting away from broad industry changes that could negatively impact consumer spending and the economy.