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Trump's credit card rate cap plan has unclear path, 'devastating' risks, bank insiders say
A 10% rate cap would make large swaths of the credit card industry unprofitable, especially tied to customers with less-than-ideal credit, banks say.
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huffpost.com
Trump Calls For One-Year Cap On Credit Card Interest Rates At 10%
Last year, the Trump administration moved to scrap a credit card late fee rule from the era of former President Joe Biden.
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cnbc.com
Trump calls for one-year cap on credit card interest rates at 10%
U.S. President Donald Trump did not provide details on how his plan would come to fruition or how he planned to make credit card companies comply.
