Trump proposes 10% cap on credit car interest rates

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President Trump's credit card plan is complicated
When politicians promise to “crack down” on credit card companies, your wallet is usually caught in the crossfire. President Trump’s latest move is a classic example. He wants a one-year hard cap of 10% on credit card interest rates that often run 20% to 30%.

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Trump's 10 percent cap on credit cards may hurt more than some imagine
JPMorgan CFO warns Trump's proposed credit card cap could cause people to lose access to credit
Would Trump's 10% cap on credit cards hurt more than some imagine?
President Donald Trump's call for putting a one-year, 10% cap on credit card rates certainly catches the eye — and no surprise, has caught the wrath of bankers.

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US House Speaker Johnson Says Credit Card Rate Cap Should Be Looked Into by Congress
Las Vegas Sun · 10h
Trump’s proposed 10% cap on credit card APR could hurt low- and middle-income earners
Republicans Aren't Interested In Trump's Idea To Cap Credit Card Interest Rates
Trump first pitched rate caps in a Truth Social post last week saying people were getting “ripped off” by credit card interest rates as high as 20 or 30%.

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Politifact · 1d
Can Donald Trump unilaterally cap credit card interest rates at 10%? It’s a request, not a law.
Jackson neighbors rate the economy under President Trump

Why A 10% Credit Card Rate Cap Would Matter Most For Minimum Payers

Lowering credit card rates to 10% would most help minimum payers, who face financial and psychological barriers that make managing debt and saving harder.
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