US weighs executive action to cap credit card rates, Bloomberg News reports

Core Viewpoint - The White House is considering an executive action to implement President Donald Trump's proposal for capping credit card interest rates, as reported by Bloomberg News, citing sources familiar with the matter [1] Group 1 - The potential executive action reflects the administration's focus on consumer financial protection [1] - The move could significantly impact credit card companies and their interest rate structures [1] - This initiative aligns with broader efforts to address consumer debt and financial burdens [1]