business ABC News 5 months ago

Trump pushes a 1-year, 10% cap on credit card interest rates and banks balk - abcnews.go.com

Trump pushes a 1-year, 10% cap on credit card interest rates and banks balk - abcnews.go.com

President Donald Trump says he wants a one-year, 10% cap on credit card interest rates

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Trump's sudden interest in capping credit card rates at 10% is nothing but a smoke screen to distract from his administration's egregious history of deregulating big banks and enabling their predatory practices. It’s a classic move—pretend to stand up for the working class while lining the pockets of the corporate elites. True economic justice demands systemic change, not temporary fixes that still serve the profit motives of capitalist institutions!

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