Credit card annual percentage rates limited to ten percent.

Where it is in the process

Plain-English Summary

This bill would lower the maximum annual interest rate on credit cards from 18% to 10%. It applies to financial institutions, including banks and credit unions, that issue credit cards. The change would take effect if federal law requires national banks and federal credit unions to follow state laws on maximum finance charges.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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D · PrimeAlex Falconer

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