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Event Brief
Jan 12, 2026 at 11:03 AM ET

Trump's Credit Card Rate Cap Plan Faces Risks

By The BriefBrief
A proposed 10% rate cap could harm the credit card industry, banks warn.
WHO: Trump
WHAT: Credit card rate cap proposal
WHEN: Jan 11, 2026 at 7:00 PM ET
WHERE: United States
WHY: To protect consumers from high interest rates
Sources (3): Bloomberg, CNBC Top News, MarketWatch

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