Mr. Trump's rate cap would stack the deck against credit cards
It totaled $1.14 trillion in August, a record, according to the New York Fed. The average credit card balance has risen from $4,828 to $6,329 since 2021, according to data from TransUnion. And so it was probably only a matter of time before a presidential candidate tried to turn this into a campaign issue: At a Sept. 18 rally in New York, former president Donald Trump…
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