Rate cap debate sidesteps big unknowns in credit card pricing
By: Kate Berry | Published: 2026-02-03 11:00:00 | Source: www.nationalmortgagenews.com
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- Key Insight: After calling for a 10% rate cap on credit cards last month, President Donald Trump has grown quiet on the issue. But experts say regulators don’t have a very detailed understanding of how the market works or how pricing decisions are made.
- What’s at Stake: Billions of dollars worth of travel rewards would be at stake if Congress passed legislation to cap annual percentage…
