Warren Says She's Ready to Help Trump Cap Credit Card Rates at 10%
Warren says she's ready to work with Trump on a 10% credit card rate cap as Democrats prepare to take control of Congress.
Elizabeth Warren announced on Sunday her readiness to collaborate with President Donald Trump in capping credit card interest rates at 10 percent, potentially easing borrowing costs for millions of Americans. The proposal, initially suggested by Trump in January, gained new traction as Democrats now control Congress. Warren stated, "President Trump himself said that he wants to reduce interest rates on credit cards to 10 percent.
I got the bill. I'm ready to go." This shift in political dynamics could allow Warren and her supporters to introduce legislation on Trump's desk. While the cap would directly benefit credit card borrowers who currently face rates exceeding the proposed 10 percent, potential consequences include making credit harder to obtain, reducing credit limits, increasing fees or cutting rewards.
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