Trump, 10 cap and Credit
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13hon MSN
Trump, AOC and Bernie: Capping credit card rates unites right and left as banks issue warnings
Consumer advocates have long pushed for some limits on credit card rates with little success. Banks have argued that any caps would force them to limit credit availability.
Trump is calling for a credit card interest rate cap of 10%. Here are some ways consumers can get funds if access to credit tightens.
Amid voter concern about the economy and affordability, President Donald Trump announced a new policy: a 10% cap on credit card interest rates for one year.
President Donald Trump's desire to cap credit card rates, though gaining bipartisan momentum, has hit resistance among Congress' top Republicans.
2don MSN
Trump's proposed credit card interest rate cap could curb access for millions of Americans: report
President Trump's proposed 10% credit card interest rate cap could eliminate access for 175 million to 190 million cardholders, with lower and middle income consumers hit hardest.
Many Republicans are flatly rejecting President Trump’s proposal for a one-year 10-percent cap on credit card interest rates, warning that it will be unsustainable in the long run. Trump’s proposal echoes a long-standing push by progressive Democrats and a few conservative firebrands on Capitol Hill to implement credit card interest rate caps,
House Speaker Mike Johnson pushes back on President Donald Trump's credit card interest rate cap, citing concerns about "unintended consequences" on lending.