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Sen. Josh Hawley has been pushing a bill that would cap interest rates at 18% since late 2023.

Hawley, Trump vs the world on credit card cap

When former President Donald Trump floated a “temporary” cap on credit card interest rates, the banking sector and its political allies in Congress groaned.

That group did not include Sen. Josh Hawley (R-Mo.). The Missouri Republican is jazzed. “I think this is a terrific idea,” Hawley said.

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