February 12, 2026

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Is Trump’s 10% credit card interest cap an ‘economic disaster’? | About That

Is Trump’s 10% credit card interest cap an ‘economic disaster’? | About That

U.S. President Donald Trump appears on a large screen as he addresses the World Economic Forum in Davos, Switzerland.

Andrew Chang explains why U.S. President Donald Trump’s proposed 10 per cent interest rate cap on credit cards may cause more harm than good, and why the major banks are pushing back.

Images provided by The Canadian Press, Reuters, Getty Images and Adobe Stock

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