Monday - January 12, 2026
Banks Respond to Proposed Cap on Credit Card Interest Rates
January 09, 2026
WASHINGTON, Jan. 9 [Category: Financial Services] -- The American Bankers Association posted the following news release:

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Banks Respond to Proposed Cap on Credit Card Interest Rates

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

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