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Trump Proposes 10% Credit Card Rate Cap

Former President Trump proposes a one-year, ten percent cap on credit card interest rates, aiming to alleviate the growing credit card debt crisis. With Americans owing a record-breaking $1.23 trillion, supporters argue a cap would benefit millions. However, banks and card issuers warn of potential credit access loss for riskier borrowers, with estimates suggesting fourteen million households could be affected. Trumps plan remains uncertain, with possibilities of executive action or voluntary rate reductions. Meanwhile, hes addressing affordability through mortgage rate easing and Federal Reserve rate cuts. Checkout Solipillow.com

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