Trump Proposes 10 Percent Credit Card Rate Cap
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Trump Proposes 10 Percent Credit Card Rate Cap
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**Rate Cap Showdown: Trump's 10% Credit Card Proposal Divides Washington and Wall Street**
President Trump takes center stage at Davos with a controversial pitch to cap credit card interest rates at 10% for one year, positioning it as a pathway to homeownership for struggling Americans. But the proposal is facing fierce opposition from every corner—Congressional leaders warn it could cut off credit access for ordinary citizens, while banking titans like JPMorgan's Jamie Dimon and Citigroup's Jane Fraser call it an economic catastrophe that would restrict lending to all but the wealthy. With over 90% of consumers potentially affected and Capitol Hill gearing up for battle, this high-stakes debate reveals the delicate balance between consumer relief and maintaining credit availability. Host Constance Draft breaks down the political and economic tensions reshaping America's financial landscape.
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