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Trump Proposes 10% Cap on Credit Card Interest Rates Amid Industry Backlash

On January 10, 2026, President Donald Trump proposed a one-year cap on credit card interest rates at 10%, aiming to alleviate financial burdens on consumers, but the initiative faces significant opposition from the banking sector... read more.

Withdrawal of Consumer Financial Protection Bureau Guidance

The Consumer Financial Protection Bureau (CFPB) is withdrawing various guidance documents issued since its inception in 2011, citing the need to reduce compliance burdens and ensure adherence to statutory requirements... read more.