A 10% Credit Card Rate Cap: Relief for Consumers or a Credit Squeeze?
10 min read10% Credit Card APR Cap: How It Could Shake Up Banks and Borrowers Last month, President Trump revived calls for a one-year 10% cap on credit card interest rates to provide financial relief amid an affordability crisis. If passed, this policy would limit the maximum annual percentage rate (APR) that credit card companies can charge to…