Wall Street blasts Trump’s 10% cap as “devastating” for lenders and borrowers

Wall Street erupted after Donald Trump said he wants a one‑year 10% cap on credit card interest rates. Big U. S. banks warned the plan would hit a major source of income and make it harder to lend to millions of Americans. The average card rate is 19. 6%, and cards handle 70% of all U. S. retail […] source: https://www.cryptopolitan.com/wall-street-blasts-trumps-10-cap/