Banks oppose Trump's proposed 10% credit card interest rate cap
TL;DR
President Trump has proposed a one-year cap of 10% on credit card interest rates, aiming to reduce consumer costs, but financial institutions criticize the move, arguing it could limit access to credit.
Topics:top-newseconomic-policy#consumer-credit#credit-card-interest-rates#economic-policy#financial-institutions#interest-rate-cap#trump
- Banks criticize Trump’s push for 10 percent credit card interest rate cap The Washington Post
- Trump says he will temporarily cap credit card rates Politico
- Trump announces one-year 10% cap on credit card interest rates The Guardian
- Banks balk at President Trump's call for 1-year, 10% cap on credit card interest The Detroit News
- 'This is a mistake President': Bill Ackman responds to Trump's call for a one-year 10% cap on credit card interest Business Insider
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