Newport Buzz
Trump Calls for One-Year 10% Cap on Credit Card Interest Rates
President Donald J. Trump on Friday called for a one-year cap on credit-card interest rates at 10%, reviving a campaign-trail proposal that has drawn bipartisan interest on Capitol Hill while facing skepticism from the financial industry. In a post on Truth Social, Mr. Trump said the cap would take effect Jan. 20, 2026—the one-year anniversary of his second inauguration—and framed the move as relief for consumers facing interest rates that often exceed 20%. “We will no longer let the American […]
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