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Trump wants to cap credit card interest at 10%. Is that a good idea?

World2026-01-27

Two credit cards on shown in close-up with their security chips in focus.

U.S. President Donald Trump has called for credit card interest rates to be capped at 10 per cent — a move that could bring short-term relief to some consumers but is likely to cause a broader credit crisis in the long run, according to experts.

Source: CBC

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