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GOP senator pushes Trump's 10% credit card rate cap as party leaders push back

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2 hours ago

FIRST ON FOX: A Senate Republican wants to codify President Donald Trump’s desire to cap credit card interest rates, but it's an idea that’s already been met with resistance among top Republicans.Sen. Roger Marshall, R-Kan., plans to introduce legislation that would make good on Trump’s push to cap credit card interest rates at 10% for one year. However, Republican leadership in both chambers has already pushed back against the idea, arguing that it could lead to credit scarcity.Marshall’s bill, the Consumer Affordability Protection Act, would temporarily limit the amount that credit card comp...

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