Mike Clare shares his perspective on the proposed credit card interest rate cap on BNN

“We don’t think that this is something that’s possible without legislation by congress, which we think is unlikely.” – Mike Clare shares his perspective on the proposed credit card interest rate cap and its potential impact on the U.S. banking sector. Watch the full discussion with BNN Bloomberg for deeper insight, including analysis of recent bank earnings.

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Michael Clare has over 18 years of experience in financial services and is a Senior Vice President and Senior Portfolio Manager with Brompton Group. Mr. Clare is a member of Brompton’s portfolio management team and is a co-manager of investment funds at Brompton with combined assets of approximately $3 billion. He specializes in portfolio construction, security analysis, and covered call strategies with a focus on technology, health care, financials, energy, global equities, and low volatility strategies.

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