Trump calls for 1 year cap on credit card interest rates
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About the author: Michael Busler, PhD is a professor of finance at Stockton University. Americans have just set yet another record—but it isn’t one to celebrate. Personal household debt has reached an unprecedented $18.6 trillion, according to a recent ...
NEW YORK (AP) — Americans would save roughly $100 billion a year in interest costs if President Donald Trump’s campaign proposal to cap credit card interest rates at 10% were implemented, according to a paper published by Vanderbilt University on Thursday.
Sean Messier is a personal finance writer with a focus on credit. He’s written for Credit Card Insider, plus several other national and global brands. Tfilm / Getty Images The Federal Reserve cut its federal funds rate in September 2025—the first time ...