Senate Clash Erupts Over Trump’s Plan to Cap Credit Card Interest Rates. скачать в хорошем качестве

Senate Clash Erupts Over Trump’s Plan to Cap Credit Card Interest Rates.

In a tense Senate hearing, Treasury Secretary Scott Bessent was pressed on President Trump’s controversial proposal to cap credit card interest rates at 10 percent. With millions of Americans currently paying interest rates as high as 30 percent, the exchange cut to the heart of a growing national debate, are these rates a necessary cost of credit, or a system designed to trap consumers in debt? The discussion went beyond politics and into real world consequences. Senators raised concerns about predatory lending, massive profit margins for credit card companies, and why service members receive stronger protections than everyday Americans. When Bessent remarked that a 36 percent cap does not offer much protection, it exposed just how extreme today’s lending environment has become. This breakdown explains what the hearing really revealed, how interest rate caps work, and what a 10 percent limit could mean for consumers, banks, and access to credit. Whether you support the proposal or not, this conversation signals a major shift in how Washington is questioning long accepted financial norms. Subscribe for clear, no nonsense coverage that explains what lawmakers are debating and why it matters to your money, your future, and the broader economy. #ScottBessent #SenateHearing #CreditCardDebt #InterestRates #TrumpPolicy #FinancialNews #USPolitics #ConsumerProtection #BankingCrisis #CostOfLiving #DebtCrisis #EconomicPolicy #WallStreet #PredatoryLending #CongressionalHearing