President Trump is pushing major policy proposals to address voter affordability concerns, including banning Wall Street investors from buying single-family homes and capping credit card interest rates at 10%. These proposals, which align Trump with some Democratic lawmakers, could have significant implications for financial firms and investors. Trump also plans to allow retirement savers to use 401(k) funds for house down payments and have government-run mortgage giants buy $200 billion in mortgage bonds to lower housing costs. Additionally, Trump intends to replace government subsidies for health insurance with direct payments to consumers, a move that some experts believe may harm lower-income Americans.
Read more at Yahoo Finance: Factbox-US President Trump’s proposals to address living costs
