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Trump floated a 10% credit card interest rate cap. Here's what that could mean for consumers. - CBS News

Capping credit card interest rates at 10% could save consumers billions of dollars, but potentially hurt lower-income Americans, experts said.

By:Megan Cerullo
Source:CBS News
Published:
Trump floated a 10% credit card interest rate cap. Here's what that could mean for consumers. - CBS News
President Trump's proposal to cap credit card interest rates at 10% for one year could save consumers billions of dollars but hurt Americans with lower credit scores, according to financial experts. … [+4872 chars]

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