Interest Rates

Trump Announces One-Year Cap on Credit Card Interest Rates, Targets Affordability Crisis

[Gage Skidmore, CC BY-SA 3.0 >, via Wikimedia Commons]

President Donald Trump announced Friday night that credit card interest rates will be ordered to pause at 10 percent for one year beginning January 20, framing the move as a direct strike against what he described as predatory practices by major credit card companies and a broader push to restore affordability for American families. In…

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