Trump’s limit on credit card interest rates may limit consumer access
Trump Proposes 10% Cap on Credit Card Interest Rates President Donald Trump has advocated for a 10% limit on credit card interest rates, a move that could significantly change access to credit for many Americans and potentially affect small businesses as well. On Friday, Trump announced a plan that would introduce this interest rate cap, […]
Trump proposes a one-year, 10% limit on credit card interest rates, but banks oppose it.
NEW YORK (AP) — President Donald Trump is looking to bring back an earlier campaign promise to impose a one-year limit on credit card interest rates at 10%. He believes this could potentially provide significant savings for Americans. Despite investing tens of billions in funding, he faces immediate pushback from the industry he has previously […]
Mortgage rates drop under 6% for the first time in 2023 after a $200B bond purchase order from Trump.
Mortgage rates have dipped below 6% for the first time in years, following President Trump’s directive to buy $200 billion in mortgage bonds as part of efforts to tackle the housing crisis. As of Monday, the average interest rate on a 30-year fixed mortgage was reported at 5.87%, a drop from 5.99% on Friday, marking […]
How Trump’s suggested limit on credit card interest rates might change consumer lending
Proposed Credit Card Interest Rate Cap: Implications and Concerns On January 12, a suggested one-year cap on credit card interest rates, which has gained the support of President Trump, could potentially lower borrowing costs for some individuals. However, there are concerns that it might restrict credit availability, impact bank profits, and alter the dynamics of […]
Gold rates in India on January 12
On Monday, gold prices in India saw an increase, as reported by FXStreet. The price for gold has climbed to INR 13,289.08 per gram from INR 13,110.74 just last Friday. Moreover, for those looking at it per tola, the price rose to Rs 155,002.10 from Rs 152,921.10 on the previous day. Unit Measurement Gold Price […]
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 […]
Mamdani’s Social Childcare Proposal and the Decline in Birth Rates in America
In a rather unusual kickoff to the year, New York’s mayor, Zoran Mamdani, has embraced a rather radical agenda. Although many of his proposals might never see the light of day, he has already retracted at least one. One of the major initiatives he’s floated is tax-funded universal child care, which he argues could inspire […]
Eight states lowered income tax rates on January 1. Is yours among them?
January 10, 2026, 5:04 a.m. ET Some Americans can kick off the new year with the possibility of receiving an income tax break. Interestingly, these cuts are coming from various states rather than the federal government. As of January 1, eight states have reduced their income tax rates, according to a nonprofit think tank. Experts […]
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 […]