Former President Donald Trump has proposed a one-year cap on credit card interest rates, setting the maximum rate at 10%. This cap is set to take effect on January 20, 2026.
Trump"s announcement comes as part of his ongoing focus on economic issues. The proposed measure aims to address concerns over high credit card interest rates, which have been a topic of discussion among consumers and policymakers alike.
For more details on this development, see Trump proposes 10% cap on credit card interest rates starting January 20, 2026.
This proposal is part of a broader economic agenda that Trump has been advocating, reflecting his commitment to reforming financial practices that affect everyday Americans.
As the effective date approaches, further discussions and analyses are expected regarding the implications of this cap on consumers and the credit industry.
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