Credit card annual percentage rates limited to ten percent.

Summary

The bill amends state law to limit the interest rate that credit‑card issuers can charge to no more than ten percent per year. It applies to all open‑end credit issued as credit cards and adds detailed rules for how finance charges are calculated and refunded. The change aims to protect consumers from high‑cost credit‑card debt.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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