Tag: financial policy
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Jamie Dimon and the Risk of Defying Trump: A Banker’s Balancing Act
Introduction: A delicate dance in the Trump 2.0 era Jamie Dimon, the longtime head of JPMorgan Chase, has long been a towering figure in American finance. In the turbulent political climate of the Trump 2.0 era, top Wall Street bankers faced a new calculus: how far can they push back on political and policy opinions…
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Trump Undercuts Plan to Let Homebuyers Tap Retirement Plans
Overview: A Policy Shift Meets Political Reality The latest policy maneuver around housing finance has reignited a familiar debate: should Americans be allowed to tap retirement savings to buy a home? Reports indicate that President Trump has effectively undercut a plan that would have let homebuyers access portions of their retirement funds for down payments.…
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Trump Threatens Legal Action Over JPMorgan Debanking Claim
Overview of the dispute Former President Donald Trump has escalated his ongoing confrontation with JPMorgan Chase & Co., accusing the bank and its chief executive, Jamie Dimon, of debanking him following the January 6, 2021, Capitol riot. The confrontation, which centers on whether the bank acted improperly by restricting or ending services, adds another twist…
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Trump Proposes a 10% Cap on Credit Card Interest Rates
Overview of the proposal President Donald Trump has floated a temporary policy aimed at reforming the ease with which some credit card issuers set interest rates. In remarks reported onboard Air Force One, he described current practices as “abusive” to consumers and proposed a one-year cap on credit card interest rates at 10%. The plan…
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Trump Pushes 10% Cap on Credit Card Rates to Tackle Affordability Concerns
Overview of the Proposal Former President Donald Trump has renewed his push on consumer affordability by calling for a one-year cap of 10% on credit card interest rates. In a post on Truth Social, Trump argued that American households are being “ripped off” by high borrowing costs and urged swift action to shield consumers from…
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Scaling Mining Royalties to Capture Price Gains: A Look at the 2025 Regulations
Introduction: A shift toward price-responsive royalties The government’s Minerals and Mining Royalty Regulations, 2025 propose a significant shift in how royalties are applied to gold, lithium, and other mineral resources. By introducing variable, price-responsive royalty bands, the regime aims to capture gains when commodity prices rise, while still ensuring a fair return for the state…
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What New Bank Rules Mean for Home Loans: A Practical Guide
Overview: Why the Rules Matter Regulators are tightening capital requirements for banks, a move designed to make lenders safer and more resilient. In practice, this can influence the cost of money and the availability of mortgages. While the changes are technical, they can ripple through the economy by affecting how banks price home loans and…
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National’s KiwiSaver plan: a 12% contribution push with a major caveat
National proposes a bold 12% KiwiSaver contribution New Zealand’s political landscape is once again weighing a significant reform of KiwiSaver, the national savings scheme that helps workers build a retirement nest egg. National has signaled support for gradually lifting employee contribution rates to a collective 12%, a move designed to dramatically improve long-term balances for…