Trump's 10% Credit Card Cap: A "Socialist" Policy?

A prominent conservative financial expert has criticized a key economic proposal from former President Donald Trump, warning it could hurt the very consumers it aims to help. Arynne Wexler, an influencer and graduate of the Wharton School of Business, called Trump's plan to cap credit card interest rates at 10% a policy that "socialists" would support. She argued that such a government-mandated cap would have negative consequences. Wexler stated that the cap would make banks less willing to offer credit cards, especially to people with lower credit scores. This could make legitimate credit harder to obtain. She warned that borrowers might then be forced to turn to high-cost alternatives like payday lenders. The criticism highlights internal debate over economic policy, even as Trump campaigns for a return to the White House.