#credit-card-interest

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#interest-rate-cap #consumer-debt #banking-industry-opposition #consumer-lending #bill-ackman #affordability
#interest-rate-cap
fromwww.mercurynews.com
12 hours ago
US politics

Trump pushes a 1-year, 10% cap on credit card interest rates and banks balk

President Trump proposes a one-year, 10% cap on credit card interest rates that could save Americans roughly $100 billion a year but faces industry opposition.
fromBusiness Insider
18 hours ago
US politics

'This is a mistake President': Bill Ackman responds to Trump's call for a one-year 10% cap on credit card interest

Bill Ackman warned a one-year 10% credit card interest cap would prompt lenders to cancel millions of cards, forcing consumers to turn to loan sharks.
more#interest-rate-cap
fromwww.mediaite.com
1 day ago

Trump Demands Credit Card Companies Dramatically Slash Rates Because AFFORDABILITY'

Please be informed that we will no longer let the American Public be ripped off' by Credit Card Companies that are charging Interest Rates of 20 to 30%, and even more, which festered unimpeded during the Sleepy Joe Biden Administration, wrote Trump. The post continued: AFFORDABILITY! Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%.
US politics
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