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Trump seeks 10% cap on credit card interest rates (COF:NYSE)

President Trump Meets With Oil And Gas Executives At The White House

Alex Wong/Getty Images News

President Donald Trump late Friday called for a one-year cap on credit card interest rates at 10%, effective Jan. 20, noting that he will not allow Americans to be “ripped off” by credit card firms whose credit card interest rates have reached 20% – 30% or more.

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