What a 10% credit card interest rate cap could mean for borrowers
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YouTubeCBS News
What a 10% credit card interest rate cap could mean for borrowers
The Dow Jones fell nearly 400 points on Tuesday as traders reacted to President Trump's proposal to cap credit card interest rates at 10% for one year. Kristin Myers, ETF editor-in-chief at Asset TV, joins to discuss how the plan could impact borrowers if implemented. CBS News 24/7 is the premier anchored streaming news service from CBS News ...
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President Trump is calling for a one-year cap on credit card interest rates at 10%, starting January 20. Credit card interest rates have jumped in recent years, averaging 14% in 2021 and rising to 21% by 2025. NewsNation’s Alicia Nieves joins “Morning in America with Hena Doba” to break down what this means for consumers. | NewsNation
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Credit card interest rates are back in the spotlight at the Capitol 💳⬇️ President Trump is pushing to cap credit card interest rates at 10%, well below the current average of about 20%. Supporters say it could save Americans an estimated $100 billion a year, but critics warn it could also limit some consumers' access to credit. Alex Cameron is speaking with members of Oklahoma’s congressional delegation about the proposal's potential impact and the controversy surrounding it. #CapitolHill #Cred
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