Trump's Bold Plan: Limit Credit Card Interest Rates to 10% – But …

Sep 25, 2024 · Donald Trump made waves during a Long Island campaign stop by suggesting a cap on credit card interest rates, a proposal that quickly drew sharp criticism. Speaking to a …

CouponFollow Extension

10%
OFF

Trump's Bold Plan: Limit Credit Card Interest Rates To 10% – But …

1 week from now

Sep 25, 2024 · Donald Trump made waves during a Long Island campaign stop by suggesting a cap on credit card interest rates, a proposal that quickly drew sharp criticism. Speaking to a …

yahoo.com

10%
OFF

Trump Floats Long-Shot Proposal For 10% Cap On Credit-Card Rates

1 week from now

Sep 19, 2024 · Former President Donald Trump said he wants to impose a temporary 10% cap on credit-card interest rates. While the idea was met with cheers at a rally this week, it is a long …

wsj.com

10%
OFF

Trump Pitches Capping Annual Credit Card Rates At 10%: 'We Can’t …

1 week from now

Sep 19, 2024 · Donald Trump rolled out the proposal at his Long Island rally Wednesday. AFP via Getty Images Credit card interest rates have never dipped to 10% in the Fed’s dataset, which …

nypost.com

10%
OFF

Trump Floats Temporary Cap Of ~10% On Credit Card Interest Rates ...

1 week from now

Sep 23, 2024 · Anna Moneymaker/Getty Images News. Former President Donald J. Trump has suggested a temporary cap on credit card interest rates of about 10% during a campaign …

seekingalpha.com

10%
OFF

Trump Wants To Cap Credit Card Interest Rates At 10% — Critics …

1 week from now

Sep 21, 2024 · This proposal stands out given the average credit card interest rate was 21.51% as of May 2024, according to the Federal Reserve. Rates have climbed in recent years, but …

yahoo.com

10%
OFF

Trump's 10% Credit Card Interest Cap Could Hurt Borrowers, Experts …

1 week from now

Sep 24, 2024 · “A 10% cap would completely upend the credit card market,” Rossman told CNBC. While the Trump campaign has yet to provide details of how the proposed cap would work, …

nbcnews.com

10%
OFF

Trump Credit Card Proposal Could Have ‘unintended …

1 week from now

Sep 19, 2024 · “While working Americans catch up, we’re going to put a temporary cap on credit card interest rates,” Trump said. “We’re going to cap it at around 10%. We can’t let them make …

washingtonexaminer.com

10%
OFF

Trump Proposes 10% Cap On Credit Card Interest - Emarketer.com

1 week from now

Sep 20, 2024 · The average credit card interest rate was 21.5% as of May 2024, per the Federal Reserve. The bigger picture: This is not the first attempt from a politician to cap credit card …

emarketer.com

10%
OFF

What Donald Trump And Bernie Sanders Get Wrong About Credit …

1 week from now

1 day ago · Yet in one place there is already a flicker of cross-aisle agreement: a proposal to cap interest rates on credit-card repayments at 10% has won the support of both Mr Trump and …

economist.com

FAQs about Trump's Bold Plan: Limit Credit Card Interest Rates to 10% – But … Coupon?

Did Donald Trump propose a cap on credit card interest rates?

Donald Trump made waves during a Long Island campaign stop by suggesting a cap on credit card interest rates, a proposal that quickly drew sharp criticism. Speaking to a lively crowd of around 16,000 at the Nassau Coliseum, the former president announced a plan to limit interest rates to 10%. ...

Did Trump just propose a price cap?

"Trump just proposed his version of price controls," remarked euro Pacific Asset Management chief economist Peter Schiff. Schiff warned that such a cap could spell disaster for the credit card industry. "It would destroy the industry and millions of Americans would lose their credit cards," he added. ...

Could a president impose a cap on credit card interest rates?

Although a president likely wouldn’t hold the necessary authority to execute the policy himself, Congress has tried to take such an action before. Sen. Josh Hawley (R-MO), a Trump ally, introduced legislation to cap credit card interest rates last year. ...

Will a temporary cap on credit-card interest rates be imposed?

The average credit-card interest rate hasn’t fallen below 10% in Fed data going back to 1994. “While working Americans catch up, we’re going to put a temporary cap on credit-card interest rates,” Trump said at the rally in New York. ...

Why is Trump calling for a temporary interest rate cap?

Trump's call for a temporary interest rate cap is just the latest political issue putting the card industry on the defensive. Banks are fighting the CFPB in court over its proposal to slash late fees to $8, from upward of $30. ...

How will trump's credit card rate cap affect consumers?

Trump’s proposed rate cap, if enacted, would have a huge impact on both consumers and on the financial industry. The average interest rate on credit cards is currently over 20%, with some cards charging as much as 36% APR, said Ted Rossman, a senior industry analyst at Bankrate. ...