Short-term relief or long-term risk? Trump’s proposed credit card rate cap explained
- Posted on January 13, 2026
- By Business News Today
- 2 Views
Short-term relief or long-term risk? Trump’s proposed credit card rate cap explained
A proposed one-year cap on US credit card interest rates could help borrowers now. However, experts warn that this might reduce credit availability and hurt bank profits. The plan faces significant hurdles in Congress.
