Original Content
The president said he’d like a 10% cap on credit card interest rates for a year, starting this month, but banks said it would be “devastating” for consumers.
Trump proposes card rate cap; banks eschew idea
AI Summary
President Trump proposes a 10% cap on credit card interest rates for a year; banks oppose the idea, citing potential negative impacts on consumers.
Texas Relevance
The article does not mention Texas or any Texas-specific entities. The proposal and reactions are general and applicable to all credit unions nationwide.