Trump's Proposal to Cap Credit Card Interest Rates at 10%
Former President Donald Trump has proposed a 10% cap on credit card interest rates for one year, citing abuses by credit card companies. This proposal comes as average credit card rates have soared to 22.3% by November 2025, a significant increase from a decade prior. The feasibility of implementing such a cap without congressional legislation remains uncertain, drawing criticism from some political figures despite bipartisan attempts in the past to address high interest rates.
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