Trump Just Signed an Executive Order That Could Slash Your Credit Card Interest Rates
A new executive order signed by President Trump is sending shockwaves through the financial world, and it could mean big savings for your wallet. The order targets hidden fees and sky-high interest rates on credit cards and loans, potentially capping what banks can charge you for late payments and over-limit charges. For the average American carrying a balance, this could slash your monthly payments by hundreds of dollars—but don't celebrate just yet. Consumer advocates warn banks are already lobbying to water down the rules, so your savings may not hit your bank account until next year. If you're drowning in debt, this is the best news you've heard all year, but you'll need to watch for fine-print loopholes that could keep your interest rates climbing.