President Trump Proposes 10% Cap on Credit Card Interest Rates: What You Need to Know
President Donald Trump has proposed a one-year cap on credit card interest rates at 10% starting from January 20, coinciding with the one-year anniversary of his second term. The move aims to enhance affordability for Americans by preventing credit card companies from charging high interest rates of 20-30% or more. The White House and major American banks and credit card issuers have not yet responded to the announcement. Stay tuned for more updates on this developing story.