Trump's big credit card move! Interest capped at 10% - what it means for Americans?

Published 2 hours ago
Source: timesofindia.indiatimes.com
Trump's big credit card move! Interest capped at 10% - what it means for Americans?
US President Trump's proposal for a 10% credit card interest rate cap aims to ease affordability, potentially saving consumers billions. However, critics warn this could restrict credit access for those with lower scores and negatively impact the broader economy. The banking industry strongly opposes the move, citing severe consequences for consumers and the economy.