Proposed credit card interest cap sparks policy debate in US

Former President Donald Trump floated a proposal to cap credit card interest rates at 10%, reigniting debate around consumer lending regulation. The suggestion aims to ease household debt burdens but raises concerns over credit availability and lender viability. Financial institutions caution that such limits could restrict access to credit, especially for higher-risk borrowers, while policymakers assess broader economic implications.

Leaders Ajit Pawar and Sharad Pawar jointly unveiled a manifesto for the upcoming Pune civic elections, signaling coordination between rival NCP factions. The move marks a notable political development after months of internal division. The manifesto focuses on urban infrastructure, public services, and governance reforms, aiming to present a unified front to voters ahead of a closely watched municipal contest.