Copyright 2026 The Associated Press. All Rights Reserved. Copyright 2026 The Associated Press. All Rights Reserved. A sign for Chase bank is seen on an ATM Tuesday ...
The Trump administration is floating a new proposal aimed at expanding access to credit cards after the president's calls for a 10% cap on credit card interest rates were met with pushback from the ...
Earlier this month, President Donald Trump publicly called for credit card interest rates to be capped at just 10% for one year. The national average APR is currently just under 20%. On the surface, ...
House Speaker Mike Johnson, R-La., pushed back on a proposal from President Donald Trump to cap the interest that credit card companies can charge borrowers. "I talked with him about it briefly ...
President Donald Trump's call for a 10% cap on credit card interest rates could impact access to credit cards for many American consumers while also impacting small businesses. Trump on Friday ...
Jan 12 (Reuters) - A proposed one-year cap on credit card interest rates backed by U.S. President Donald Trump could reduce borrowing costs for some consumers but also limit credit availability, ...
Ali Hussain has a background that consists of a career in finance with large financial institutions and in journalism covering business. Thana Prasongsin / Getty Images The average credit card balance ...
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President Trump on Friday called on credit card companies to cap interest rates at 10% for one year, beginning later this month. “Please be informed that we will no longer let the American Public be ...
WASHINGTON, Jan 10 (Reuters) - U.S. President Donald Trump said on Friday he was calling for a one-year cap on credit card interest rates at 10% starting on January 20 but he did not provide details ...
Bill Ackman said President Donald Trump's call for a one-year cap on credit card interest was a "mistake." The hedge fund billionaire said a rate cap could lead to millions having credit cards ...
President Donald Trump says he’s keeping a campaign promise to make carrying credit-card debt cheaper for Americans, writing in a social-media post Friday night that he would cap interest rates on ...