Trump seeks 10% cap on credit card interest rates (COF:NYSE)

Trump seeks 10% cap on credit card interest rates (COF:NYSE)

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Key Points:

  • President Donald Trump proposed a one-year cap on credit card interest rates at 10%, starting January 20.
  • He expressed concern over credit card companies charging interest rates as high as 20% to 30% or more.
  • Trump emphasized his intention to protect Americans from being financially exploited by high credit card interest rates.