Capping credit card interest rates at 10% could save consumers billions of dollars, but potentially hurt lower-income Americans, experts said.
President Trump has proposed a 10% credit card interest rate cap for one year to ease high borrowing costs. The idea could help people with credit card debt save on interest. However, banks and ...
16don MSN
Why Is Trump’s Credit Card ‘Affordability’ Pitch Unaffordable — For Wall Street? Explained
Trump’s 10% credit card interest cap sounds like consumer relief, but Wall Street is panicking, credit could tighten, and the politics behind the promise may matter more than the policy itself.
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