2 links tagged with all of: banking + congress + interest-rates + trump + credit-cards
Links
Trump is urging Congress to cap credit card interest rates at 10% for one year, citing the need to help Americans facing cost-of-living challenges. The banking sector warns that such a cap could limit credit access for many consumers.
trump ✓
congress ✓
credit-cards ✓
interest-rates ✓
banking ✓
President Trump proposed a one-year cap on credit card interest rates at 10%, claiming that current rates of 20-30% are unacceptable. However, he lacks the authority to enforce this change without congressional approval. Banks warn that such a cap could harm credit availability for consumers.
trump ✓
credit-cards ✓
interest-rates ✓
congress ✓
banking ✓