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Trump, credit card
Trump wants to cap credit card interest rates at 10% — critics warn that it could cause people to lose their cards
“While working Americans catch up, we’re going to put a temporary cap on credit card interest rates,” Trump spoke to a packed audience during a campaign rally in New York on Sept. 18. “We’re going to cap it at around 10%. We can’t let them make 25 and 30%.”
Trump suggests capping annual credit card interest rates at 10% — but critics fear ‘price controls’
Former President Donald Trump floated limiting annual credit card interest rates to a maximum of 10% during a campaign stop on Long Island Wednesday night, prompting banking groups to push back against the plan as the Republican version of Democrat Kamala Harris’ widely panned “price controls.”
This Week In Credit Card News: Trump Proposes Short Term Cap On Credit Card Interest Rates
Donald Trump made headlines Wednesday night, promising a crowd in New York he would, if restored to the White House, put a “temporary cap on credit card interest rates … at around 10%,” if he were elected.
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