Who Benefits From Trump’s Proposed Credit Card Interest Cap? Vivian Tu Breaks It Down

For consumers paying down high-interest credit card debt, a recent proposal from the Trump administration — a one-year cap on credit card interest rates at 10% — sounds like much-needed relief. So why are some experts skeptical of its long-term impact and its ability to pass in a Congress controlled by Trump’s party? While Vivian Tu, founder and CEO of Your Rich BFF, can’t speak for members of Congress, she can explain who actually stands to benefit from Trump’s plan — and who might end up worse off. Sp ...