Trump’s Proposed Credit Card Cap Spotlights Americans’ Debt. Would It Help?

Trump’s 10% credit card interest cap proposal targets America’s $1.17T debt crisis. Expert analysis reveals whether rate caps help consumers or create unintended consequences. The $47,000 Question Selena Cooper, a 34-year-old Denver schoolteacher, owes $47,000 across five credit cards. Her average interest rate hovers near 28%—meaning she pays roughly $13,000 annually just in interest charges…