US banks and financial groups are pushing back against President Donald Trump’s proposal to cap credit card interest rates at 10 percent, warning it could force millions of households and small businesses out of the credit market. Industry data suggests most card accounts could be closed or restricted under the plan, even as consumer groups argue it could save borrowers billions in interest.


USA: Banks Warn Trump’s 10% Credit Card Rate Cap Could Cut Off Millions | WION

Donald Trump has called for a cap of 10 per cent on credit card interest, pitching it as an anniversary gift to Americans fed up with high rates. All you need to know.

Trump says won't let Americans be 'ripped off,' offers relief from 20-30% credit card interest rates

Credit cards are a great tool if used wisely and with prudence. If you plan your expenses well and can avoid mindless spending, credit cards can offer a lot of benefits as well as rewards.

Credit cards for travelers: Here's a list of 5 cards with perks and benefits

From futuristic visions of cashless societies to handheld communicators and video calls, these inventions seemed like fantasy until science caught up. 

7 real inventions that science fiction predicted decades before they existed

credit-cards

Credit Cards, News on Credit Cards, stories on Credit Cards, articles on Credit Cards, Credit Cards stories at Wion, Credit Cards news, Credit Cards latest news

credit cards

USA: Banks Warn Trump’s 10% Credit Card Rate Cap Could Cut Off Millions | WION

Won't be 'ripped off': Trump offers relief from 30% credit card interest rates

Credit cards for travelers: Here's a list of 5 cards with perks and benefits

7 real inventions that science fiction predicted decades before they existed