US politics
fromwww.mercurynews.com
16 hours agoJill On Money: Can Trump cap credit card interest rates?
Credit card use is widespread, many pay in full, yet over $1.233 trillion remains outstanding and high interest rates drive calls for caps.
The executive order directs regulators to investigate potential violations of the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws. Banks may face fines or penalties if found in violation.