๐จ BIG NEWS FROM THE US ๐บ๐ธ๐ณ
President Trump just shook up the credit card world! He announced that starting Jan 20, credit card interest rates in the ๐บ๐ธ will be capped at 10%. With many Americans paying 20โ30%+, this could be huge:
โ Lower monthly payments
โ Fewer defaults
โ More breathing room for households
โ Increased spending power
Banks & card companies likely wonโt be thrilled โ massive profits at risk.
If enforced, this could be one of the biggest consumer finance changes in decades. Everyone from Wall Street to everyday borrowers is watching.
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