GOP wary as Trump’s 10% credit-card cap faces party stiff-arm
TL;DR Summary
Senate and House leaders John Thune and Mike Johnson expressed doubt that Congress will move quickly on President Trump’s proposal to temporarily cap credit-card interest at 10% for a year, arguing such a cap could restrict access to credit and prompt lenders to pull back. The push sits alongside discussions of a separate merchant-fee bill and other funding-related actions in a busy day of Capitol Hill updates.
- GOP leaders throw cold water on Trump’s credit-card push Politico
- JP Morgan boss says Trump attacks on Federal Reserve risk eroding central bank independence The Guardian
- Banks warn consumers will be hurt by Trump's 10% cap on credit card interest rates Reuters
- Opinion | Trump cannot cap credit card interest rates The Washington Post
- Johnson warns of 'unintended consequences' in Trump's credit card rate cap idea Fox News
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