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Trumps 10% Credit Card Interest Proposal: Latest Updates
A report on recent federal interest rate proposals and their potential impact on the national financial infrastructure and ...
Implementing a 10 percent cap on credit card interest rates would result in a significant reduction in credit availability, ...
The first step, consumer finance experts say, is to ask your card issuer to reduce the rate. And with average balances now $6,500, consider using your tax refund to put a dent in the debt.
On Friday, President Trump called for a one-year cap of 10% on credit card interest rates, set to begin Jan. 20. Without congressional legislation, implementing a rate cap would likely be challenging.
Credit card issuers are under renewed fire in Washington as persistent inflation leaves many Americans struggling to make ends meet.
President Donald Trump has suggested temporarily capping credit card interest rates at 10%, a proposal that could significantly lower borrowing costs for millions of Americans but would require ...
No law dictating a 10% interest rate cap is on the books, and passing one through both chambers in just over a week would be a major challenge. An effort to impose an executive order on private-sector ...
It wasn't immediately clear how the president plans to enforce the policy, which he said would take effect later this month. President Donald Trump is calling for a cap on credit card interest rates ...
If you were waiting for your credit card interest rate to plummet to 10% on Jan. 20, don't hold your breath.
Add Yahoo as a preferred source to see more of our stories on Google. President Donald Trump on Friday told credit card company officials to lower their interest rates to no more than 10% for one year ...
From mortgage rates and auto loans to credit cards and savings accounts, here's a look at how the January Fed decision could affect your finances.
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