Trump’s credit card rate cap plan may restrict mortgage credit
By: Flávia Furlan Nunes | Published: 2026-01-22 20:53:46 | Source: www.housingwire.com
Speaking at the World Economic Forum in Davos, Switzerland, on Wednesday, Trump said that rising credit card debt has become one of the biggest barriers to saving for a down payment on a home. According to him, profit margins for credit card companies now exceed 50%, while interest rates charged to consumers often range from “28%, 30%, 31%, 32%.”
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