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Global stock-market capitalization is set to surpass its highest level in three years after the Federal Reserve slashed ...
It’s easy to see why many Americans would welcome former President Donald Trump’s proposal to cap credit card interest rates at less than half their current level — even if only temporarily.
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The rise has been attributed to an increase in wholesale costs since mid-February. Experts predict that the cap could rise even further in January because of recent tensions in the Russia-Ukraine war.
“We have opposed similar interest rate cap proposals in the past,” said a spokesperson for the American Bankers Association, an industry group representing banks and their employees nationwide.