Get all your news in one place.
100's of premium titles.
One app.
Start reading
GOBankingRates
GOBankingRates
Laura Bogart

Who Benefits From Trump’s Proposed Credit Card Interest Cap? Vivian Tu Breaks It Down

Stephen Lovekin / for AWNewYork

For consumers paying down high-interest credit card debt, a recent proposal from the Trump administration — a one-year cap on credit card interest rates at 10% — sounds like much-needed relief.

So why are some experts skeptical of its long-term impact and its ability to pass in a Congress controlled by Trump’s party?

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.