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Capping credit card rates. In 2024, Trump proposed capping credit card interest rates at 10 percent. While this move would make paying off credit card debt much easier, some economists believe ...
President Donald Trump promised on the campaign trail to put a 10% limit on interest for credit cards, less than half of what many cards now charge. ... Americans hold over a trillion dollars in ...
It’s also a moment in which credit card debt is heavily burdening many U.S. households. The average credit card balance was $6,329 in the second quarter of 2024, compared to $4,828 during the ...
A new bill sponsored by Sens. Sanders and Hawley would cap credit card APRs, ... on U.S. credit cards are worsening the debt trap for those who carry a balance. ... President Donald Trump ...
Credit card debt has been a pressing issue in America, and former president and Republican presidential nominee Donald Trump has proposed a solution to alleviate this burden.
Sens. Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., introduced a new bill on Tuesday to cap credit card interest rates at 10%, which Trump had proposed doing temporarily during his 2024 ...
On the campaign trail, now-President-elect Donald Trump floated the idea of putting a temporary cap of 10% on credit-card interest rates to let people "catch up" on their debt, declaring that "we ...
Trump's campaign defended his proposal, pointing out that credit card debt is at a record high. According to the New York Federal Reserve, Americans have $1.14 trillion in credit card debt.