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Banking Industry Pushes Back on Trump Proposal To Limit Credit Card Interest Rates

A coalition of industry groups swiftly issued a joint statement warning that the cap could backfire.

Visa and Mastercard credit cards are shown at Buffalo Grove, Illinois, on February 8, 2024.
Visa and Mastercard credit cards are shown at Buffalo Grove, Illinois, on February 8, 2024. Nam Y. Huh/AP
JOSEPH CURL

JOSEPH CURL

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Banking Industry Pushes Back on Trump Proposal To Limit Credit Card Interest Rates | The New York Sun