Trump proposes a one-year limit on credit card interest rates at 10%, and banks resist
Trump Proposes 10% Credit Card Interest Rate Cap NEW YORK — President Donald Trump is looking to revisit a campaign pledge by proposing a one-year limit on credit card interest rates at 10%. This initiative could potentially save Americans a substantial amount, possibly reaching tens of billions of dollars, but has already faced resistance from […]
Her Mother Requested Her Credit Card For One Payment. She Ended Up Spending $6,000 And Ruined Her Credit. ‘She Withdrew A Thousand And A Half From ATMs’
A Young Woman’s Trust Leads to Financial Chaos A 21-year-old woman found herself reflecting on her choices after a simple act of trust spiraled into a significant financial crisis. What began as a favor for her mother turned into an overwhelming burden, leading to $8,000 in credit card debt, a damaged credit score, and a […]
Trump proposes a one-year limit on credit card interest rates at 10%
Trump Proposes Cap on Credit Card Interest Rates WASHINGTON – President Trump announced on Friday his intention to impose a 10% cap on credit card interest rates for one year beginning January 20. However, he did not provide any specifics on how this plan would be implemented or enforced among businesses. During his campaign for […]
Trump calls on credit card companies to lower interest rates to 10% for a year.
Trump Proposes Credit Card Interest Rate Cap President Trump is advocating for a one-year cap on credit card interest rates, suggesting a limit of 10%. This idea has garnered support from lawmakers across both parties, although it faces opposition from credit card companies. In a statement, he expressed concern about the high interest rates that […]
Jamie Dimon’s Control Over US Credit Card Market Increases as JPMorgan Secures Apple Card Business from Goldman Sachs
Apple Partners with JPMorgan Chase for Apple Card Apple has chosen JPMorgan Chase as the new issuer for its Apple Card, marking a significant change in its financial operations and ending its collaboration with Goldman Sachs. On Wednesday, JPMorgan Chase announced that it reached an agreement to take over the issuance of the Apple Card, […]
Trump proposes a 10% limit on credit card interest rates for one year: ‘AFFORDABILITY!’
On Friday, President Trump urged credit card companies to limit interest rates to 10% for a year, starting late this month. He stated, “We will not allow Americans to be ‘ripped off’ by credit card companies charging 20-30% or more, especially as this situation has worsened under the Biden administration. Affordable rates are essential!” It’s […]
Kiggans opposes extending the ACA tax credit for three years, stating it’s ‘not the right answer’
House Republicans Vote on ACA Tax Credit Bill This week, a group of 17 House Republicans broke ranks and voted alongside Democrats to support a bill aimed at reinstating the Affordable Care Act tax credit for three years. However, Rep. Jen Quiggans, representing areas that include Virginia Beach and Suffolk, chose not to participate in […]
The job market could influence whether credit scores keep falling in 2026.
Micah Smith, the founder of Micah Abigail LLC and a well-known social media influencer, shared insights with Fox News Digital regarding the troubling trend of declining credit scores in various states. Experts in credit repair are noting a significant impact on Americans’ finances, suggesting that a high credit score is crucial for making major purchases […]
West Virginia Central Credit Union delights members with unexpected owner dividend deposits
PARKERSBURG, W.Va. Members of the West Virginia Central Credit Union were surprised this New Year’s Day when they found unexpected deposits in their accounts, thanks to owner dividends being distributed. Michael Tucker, the President and CEO, explained that the credit union decided to return funds to its members after assessing its capital situation and concluding […]
Leftists Take Credit for Berlin Attack That Left Thousands Without Power
Arson Attack in Berlin Leaves Thousands Without Power Last weekend, a far-left extremist group took responsibility for an arson attack on Berlin’s electricity infrastructure, impacting tens of thousands of residents. In the early hours of Saturday, an incendiary device ignited a fire on a power cable bridge over the Teltow Canal, which feeds into the […]