Trump proposes one-year 10% cap on credit card interest rates amid industry criticism
TL;DR Summary
Donald Trump announced a one-year plan to cap credit card interest rates at 10%, sparking mixed reactions from lawmakers, financial institutions, and critics, with concerns about implementation and potential impacts on credit availability.
Topics:business#banking-opposition#business#credit-card-interest-rates#financial-regulation#interest-rate-cap#trump
- Trump announces one-year 10% cap on credit card interest rates The Guardian
- 'This is a mistake President': Bill Ackman responds to Trump's call for a one-year 10% cap on credit card interest Business Insider
- Trump calls for a 10% cap on credit card rates in his latest appeal to affordability concerns CNN
- Trump urges credit card companies to slash interest rates to 10% for one year CBS News
- Banks criticize Trump’s push for 10 percent credit card interest rate cap The Washington Post
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