Tag: credit card interest rates
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Trump Proposes 10% Cap on Credit Card Interest Rates
Trump Proposes a One-Year 10% Cap on Credit Card Interest Former President Donald Trump has floated the idea of imposing a one-year cap on credit card interest rates at 10 percent, in a move aimed at curbing what he described as abusive lending practices. Speaking to reporters aboard Air Force One, Trump argued that credit…
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Trump Pushes Temporary 10% Cap on Credit Card Interest Rates
Overview: A bold proposal to cap credit card interest President Donald Trump has called for a temporary cap on credit card interest rates at 10 percent, with the goal of taking effect by January 20. The move is designed to curb the rising costs faced by consumers who use revolving credit, particularly during periods of…