US president seeks one-year cap at 10% to help Americans ‘ripped off’ by card companies
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President Donald Trump gestures as he boards Air Force One while departing for Florida from Joint Base Andrews in Maryland, on Jan 9, 2026. (Photo: Reuters)
WASHINGTON - US President Donald Trump has called for a one-year cap on credit card interest rates at 10% starting on Jan 20, but he has not provided details on how his plan would work or how companies could be made to comply.
Trump made the same pledge during the campaign for the 2024 election that he won bu
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