Four-Fifths of Credit Card Accounts Could Vanish Under Trump's Rate Cap, Experts Say

Key Takeaways President Donald Trump's call to cap credit card interest rates sounds like relief for millions of Americans paying twice that or more. But industry analyses suggest such a policy would mean up to 80% of credit card accounts could disappear altogether, cutting off the borrowers it's meant to help. Consumer advocates say the frustration behind the idea of capping interest is real. But banks and credit unions warned that a hard cap could force lenders to pull back from anyone without pristine cr ...