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Industry experts agree that a 10% interest rate cap could lead to the cancellation or severe restriction of credit card accounts for up to 90% of cardholders – specifically those with credit scores ...
The market for premium cards is already hot. President Trump’s call for a temporary cap on credit-card interest rates could make it hotter. In recent years, competition has been intensifying for ...
A senior White House official signaled Friday that the administration may be backing away from President Trump’s call for a one-year 10% cap on credit-card interest rates, suggesting that the ...
Bankers argue that the proposal is often framed as consumer‑friendly, but consumers could face reduced access to affordable credit. Some 47 percent of credit cardholders report having a credit card ...
Banks argue cap would limit credit access, harm economy Financial groups warn cap could lead to higher fees, reduced rewards Trump's proposal lacks details, may need congressional action Subprime ...
Caleb Silver, the editor in chief of Investopedia, discusses President Donald Trump’s proposed cap on credit card interest rates. Kristi Noem ICE policy shift sparks backlash Why Elon Musk says saving ...
President Donald Trump has said his plan to impose a temporary cap on credit card interest rates would curb “abuse” by U.S. lenders, but this has faced pushback from the banking industry, and experts ...
President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality. By Stacy Cowley and Niko Gallogly Banks and lenders have been in a tizzy ever ...
Trump wants to limit credit card interest rates to no higher than 10%. Lee Carter: Trump's approval ratings reveal what legacy media refuses to see Body of Canadian woman, 19, found surrounded by ...
U.S. President Donald Trump said on Friday he was calling for a one-year cap on credit card interest rates at 10% starting on Jan. 20, but he did not provide details on how his plan would come to ...
LONDON, Jan 12 (Reuters) - Shares in British bank Barclays fell on Monday after U.S. President Trump called on Friday for a cap on credit card interest rates at 10%. Barclays' U.S. card operations are ...