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Trump's Rate Cap Plan Sparks Credit Crisis Fears
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Politics about 3 hours ago

Trump's Rate Cap Plan Sparks Credit Crisis Fears

President Trump has proposed a one-year, 10 percent cap on credit card interest rates, announced in January 2026, to alleviate the burden of high interest charges on consumers. However, this initiative faces strong opposition from banking leaders and some lawmakers, who warn it could severely restrict credit access for many Americans and eliminate popular rewards programs.

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