π° News Alert...
π Title: New Credit Card Rate Cap Proposed to Ease Consumer Debt Burden
ποΈ Published: 2026-01-12T16:00:00.000Z
π Summary: A significant proposal has emerged to cap credit card interest rates at 10%, aiming to provide relief for millions of consumers struggling with high debt costs. This initiative is designed to make borrowing more affordable, potentially reshaping the credit market and encouraging responsible lending. If implemented, it could enhance financial stability for households and stimulate broader economic growth.
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ποΈ Source: Yahoo Finance
π #PersonalFinance #CreditCards #ConsumerProtection
Yahoo Finance
What 10% Credit-Card Rate Cap Would Mean for Your Wallet
President Trumpβs call for a cap promises to save Americans billions in interest but also can lead to tightened access to credit.