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Event Brief

Trump's Credit Card Interest Rate Cap Faces Local Backlash

Local banks in San Francisco express concerns over Trump's proposed cap on credit card interest rates, fearing economic repercussions.
WHO: Local banks and financial institutions
WHAT: Opposition to Trump's proposed 10% cap on credit card interest rates
WHEN: Jan 9, 2026 at 7:00 PM ET
WHERE: San Francisco, CA
WHY: Concerns about economic impact and profitability for banks
Sources (1): The Mercury News

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