Former President Donald Trump said he wants to impose a temporary 10% cap on credit-card interest rates. While the pledge was met with cheers at a rally this week, it is a long shot and could have unintended consequences if it became a reality.

Fiscal conservatives hate the idea of price caps, including Trump's credit card cap idea, says Trump's former chief of staff.

Republican presidential nominee Donald Trump on Wednesday promised to cap interest rates for credit cards, but a veteran analyst predicts the plan wouldn’t get the congressional approval that it needs to become reality.

Former President Donald Trump floated limiting annual credit card interest rates to a maximum of 10% during a campaign stop on Long Island Wednesday night, prompting banking groups to push back against the plan as the Republican version of Democrat Kamala Harris’ widely panned “price controls.