This Week In Credit Card News: Could We See A 10% Cap On Credit Card Interest Rates?

By Forbes | Nov 21, 2024 at 04:04 PM EST

Sen. Elizabeth Warren supports capping credit card interest rates at 10%, aligning with President-elect Donald Trump's promise. The US faces a credit crunch as loan rejections rise, credit card debt hits a record high, and Republicans consider regulating Visa and Mastercard.

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