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Kevin Hassett floats 'Trump card' proposal after pushback on credit card interest rate cap

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2 hours ago

The Trump administration is floating a new proposal aimed at expanding access to credit cards after the president's calls for a 10% cap on credit card interest rates were met with pushback from the financial services industry.President Donald Trump called for a 10% cap on credit card interest rates in a post on his Truth Social platform last week, and said it would take effect on Jan. 20 – the first anniversary of his second inauguration as president.However, the proposal would likely require action by Congress and was met with pushback from the financial services industry, which warned that m...

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