Donald Trump Proposes 10% Credit Card Interest Cap Amid GOP Opposition

#WashingtonDC, #USA
Donald Trump faces mounting opposition from Wall Street and Republican leaders after proposing a 10% cap on credit card interest rates.House Speaker Mike Johnson and Senate Majority Leader John Thune warned that the populist measure could severely limit credit availability for consumers.Financial institutions like JPMorgan Chase and partners like Delta Air Lines saw shares decline amid concerns over revenue impacts and Federal Reserve independence.
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