JUST AN FYI...by saying this NOW, it is "ALMOST" Guaranteed they MIGHT try again...

Ask self "WHY?"...I think he wants the banks to sweat a wee-bit before this goes into affect...The reason: Usury RATES should be control by the STATE NOT THE FEDERAL GOVERNMENT...which is what he is proposing, in a round about way. All banks/credit unions follows the FED rate VERY CLOSELY...

Following two examples shows what PDJT is trying to do:

1. A 24% interest rate on a 5-year loan can result in a total payment of approximately $34,500 for a $20,000 vehicle, compared to $22,600 at a 5% interest rate.

2. Usurious interest rates can disproportionately harm individuals who are least able to pay, leading to financial devastation. (banks/credit unions become loan sharks)