Trump floats 10% credit card interest rate cap
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Shares of the world’s largest payment networks fell after President Trump took to his Truth Social platform early Tuesday morning to endorse the Credit Card Competition Act. Visa dropped 4.5% in Tuesday trading,
The legislation would allow merchants to route transactions over multiple card networks, boosting competition, cutting costs for
4don MSNOpinion
Bill Ackman Questions Credit Card Rewards Structure, Says Low-Income Consumers Subsidize Premium Cardholders Amid Trump Rate Cap Debate
Bill Ackman criticized credit card rewards programs, saying low-income consumers end up subsidizing benefits for wealthy cardholders.