Trump proposes one-year, 10% cap on credit card interest rates amid bank opposition
Originally Published 18 hours ago — by abcnews.go.com
President Trump advocates for a one-year, 10% cap on credit card interest rates, aiming to save Americans billions, but faces opposition from banks and industry groups who argue it could harm high-risk borrowers and reduce credit availability. Legislation supporting the cap is being considered, with some experts suggesting it could significantly lower interest costs for consumers.