Jan 12, 2026
negativeMajor financial institutions saw their shares tumble after President Trump reiterated calls for a one-year 10% cap on credit card interest rates, sparking fears of a massive contraction in consumer credit.
Jan 11, 2026
negativePresident Donald Trump has called for a one-year 10% cap on credit card interest rates starting January 20, 2026. Banking associations and economists warn the move could lead to mass card cancellations and reduced credit availability.
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