#predatory-lending

#predatory-lending

In January 2026, mortgage industry professionals and banking trade groups warned that President Donald Trump's proposed 10% interest rate cap on credit cards could have unintended negative consequences for homebuyers and the broader economy. While intended to provide financial relief, experts argue the measure could inadvertently tighten credit access and damage borrower credit scores. The primary concerns cited by mortgage and finance experts include:

The study demonstrated that while affluent areas exhibit high debt per borrower, lower-income regions, especially Black and Latino neighborhoods, bear even greater debt burdens and delinquency.