Capping credit-card interest at 10% would likely force lenders to curtail credit access, cutting off millions of consumers and risking significant economic disruption.
Trump wants to cap credit card interest rates at 10%. Would that work?
A proposed temporary 10% cap on US credit card interest rates aims to lower borrowing costs but could limit access to credit, causing unintended effects.
3 startling charts show why credit card debt has become so hard to escape
President Donald Trump proposed a one-year cap limiting credit-card interest rates to 10% beginning January 20 to curb excessive 20–30% rates and reduce consumer costs.
