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GOP breaks with Trump on credit card interest rate cap proposal

Tevin McLeod - January 15, 2026




Many Republicans are flatly rejecting President Trump’s proposal for a one-year 10-percent cap on credit card interest rates, warning that it will be unsustainable in the long run. Trump’s proposal echoes a long-standing push by progressive Democrats and a few conservative firebrands on Capitol Hill to implement credit card interest rate caps, which would limit…



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