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Stock impact report

Don't wait for Trump's 10% cap, Fed cuts — here's how to get a better credit card interest rate now [CNBC]

TransUnion (TRU) 
Last transunion earnings: 4/28 06:50 am Check Earnings Report
US:NYSE Investor Relations: investors.transunion.com
Company Research Source: CNBC
A credit score is a signal to lenders for how likely a borrower will be to repay, experts say. President Donald Trump reiterated last week his call to temporarily limit credit card interest rates . But experts say consumers already have a powerful way to get better rates — improve their credit score. “I'm asking Congress to cap credit card interest rates at 10% for one year, and this will help millions of Americans save for a home,” Trump said Wednesday during a speech at the World Economic Forum in Davos, Switzerland. Analysts say it's unlikely Congress will act on this. After Trump first called for a rate cap earlier this month, analysts at policy research and political forecasting firm Capital Alpha Partners put the odds of a 10% cap becoming law at 10% to 15%. “We haven't seen anything since then that would prompt us to increase those odds,” Ian Katz, a managing director at Capital Alpha Partners, wrote in a research note Wednesday. Consumers may not be able to count on Show less Read more
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