The Economic Times

Will Americans finally pay less on credit card debt? Elizabeth Warren backs Trump's 10% interest rate cap after midterm wins

For Americans carrying credit card debt, the difference between a 22% interest rate and a 10% rate could mean hundreds of dollars in savings every year. Now, Senator Elizabeth Warren says she is ready to work with President Donald Trump to make that lower rate a reality. The proposal has failed to gain traction before, but the Democrats strong midterm performance has brought the issue back into focus.