5 Things to Know About Trump’s Proposed 10% Interest Cap on Credit Cards

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If you’re carrying a balance on your credit card, you know the pain of watching interest charges eat up your monthly payments. With average interest rates hovering near record highs, the idea of a government-mandated cap sounds like a financial lifeline. President Trump recently proposed a temporary 10% cap on credit card interest rates. On the surface, this looks like a massive win for…

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