Kevin Hassett floats 'Trump card' proposal after pushback on credit card interest rate cap

The Trump administration is floating a new proposal aimed at expanding access to credit cards after the president's calls for a 10% cap on credit card interest rates were met with pushback from the financial services industry.

President Donald Trump called for a 10% cap on credit card interest rates in a post on his Truth Social platform last week, and said it would take effect on Jan. 20 – the first anniversary of his second inauguration as president.

However, the proposal would likely...