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Trump proposes one-year 10% cap on credit card interest rates amid industry criticism

1 min read
Source: The Guardian
Trump proposes one-year 10% cap on credit card interest rates amid industry criticism
Photo: The Guardian
TL;DR

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
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  1. Trump announces one-year 10% cap on credit card interest rates  The Guardian
  2. 'This is a mistake President': Bill Ackman responds to Trump's call for a one-year 10% cap on credit card interest  Business Insider
  3. Trump calls for a 10% cap on credit card rates in his latest appeal to affordability concerns  CNN
  4. Trump urges credit card companies to slash interest rates to 10% for one year  CBS News
  5. Banks criticize Trump’s push for 10 percent credit card interest rate cap  The Washington Post

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