Trump announces 10 percent credit card cap
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Trump revives campaign pledge to cap credit card interest rates at 10%, potentially saving Americans billions. Credit card companies that backed Trump’s campaign immediately opposed the 10% cap, saying it would drive consumers toward less regulated alternatives.
Trump proposes a 10% credit card interest cap to stop Americans being “ripped off”. Explained: how it works, potential savings, risks, bank backlash, and whether it truly reduces debt.