Donald Trump Proposes 10% Credit Card Interest Rate Cap

#WashingtonDC, #USA
Bilt launched new credit cards with a 10% interest rate cap following a proposal by Donald Trump to limit nationwide rates, prompting major USA lenders to warn of economic harm.The plan surprised many House Republicans and has divided the House Financial Services Committee regarding its potential impact on consumer credit access.The proposal requires congressional approval to take effect as financial institutions continue to lobby against the legislative change.
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