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Banks Respond to Proposed Cap on Credit Card Interest Rate
January 10, 2026
WASHINGTON, Jan. 10 [Category: Financial Services] -- The Consumer Bankers Association posted the following news release:

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Banks Respond to Proposed Cap on Credit Card Interest Rate

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The Administration announced plans today to issue an executive order imposing a temporary 10% cap on credit card interest rates. The Consumer Bankers Association, Bank Policy Institute, American Bankers Association, Financial Services Forum and Independent Co . . .

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