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The Independent UK
The Independent UK
Business
J.R. Duren

Here’s why a 10 percent credit card interest rate cap may not be a good thing for consumers

Ready to pay a maximum of 10 percent on your credit card balance for a year?

If President Donald Trump has his way, that could become a reality. The president called for a one-year, 10 percent cap on credit card interest rates on Truth Social last Friday, then doubled down while speaking to the press on board Air Force One Sunday.

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