Trump Wants 1-Year Cap On Credit Card Interest Rates

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Trump urges credit card companies to slash interest rates to 10% for one year
President Trump called for a one-year cap on credit card interest rates late Friday, an idea that has drawn strong support from lawmakers in both parties but pushback from card issuers.

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Trump calls for 10% cap on credit-card interest rates. These companies could be impacted.
Trump wants credit card interest rates maxed at 10% for a year
Donald Trump proposes 10% credit card interest rate cap for a year — How much would Americans save?
United States President Donald Trump on 10 January called for capping credit card interest rates at 10% for a year, effective from January 20, in a social media post.

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Trump calls for one-year cap on credit card interest rates at 10%
Trump calls for cap on US credit card interest rates at 10% for a year, starting January 20—Americans ‘being ripped off’
Trump pushes a 1-year, 10% cap on credit card interest rates and banks balk
“We will no longer let the American Public be ripped off by Credit Card Companies that are charging Interest Rates of 20 to 30%,” Trump wrote on his Truth Social platform.

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Donald Trump calls for cap on credit card interest rates at 10 per cent, effective Jan 20
Trump announces one-year 10% cap on credit card interest rates
The Financial Express

Explained | Americans ‘ripped off’ by credit card companies: Is Trump’s 10% interest cap a debt solution or political promise?

Trump proposes a 10% credit card interest cap to stop Americans being “ripped off”. Explained: how it works, potential savings, risks, bank backlash, and whether it truly reduces debt.

Trump Calls for 10% Cap on Credit-Card Interest Rates

Previous proposals to cap interest rates haven’t gained much traction in Congress.
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