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As Trump's deadline for a cap on credit card rates looms, banks have only questions and no answers
The White House demands a 10% interest rate cap to save Americans about $100 billion annually, while banks show mixed reactions ranging from resistance to cooperation.
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8 Articles
8 Articles
Krem2 News+5 Reposted by 5 other sources
As Trump's deadline for a cap on credit card rates looms, banks have only questions and no answers
President Donald Trump has demanded a 10% cap on credit card interest rates by Jan. 20. Consumer groups, politicians, and bankers remain unclear about the plans.
·Spokane, United States
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A “Trump Letter” with a 10% interest rate could reach Americans through the banks that want to join President Donald Trump in reducing credit card rates. Kevin Hassett, director of the National Economic Council, said that the concept of a 10% limit for a year could be implemented voluntarily without having to go through Congress. “Our expectation is that legislation will not necessarily be required, because there will be new and really excellent…
Coverage Details
Total News Sources8
Leaning Left0Leaning Right1Center6Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
14%
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