Factbox-US President Trump's proposals to address living costs

WASHINGTON, Jan 20 (Reuters) - U.S. President Donald Trump, nether unit to code elector affordability concerns up of legislature elections this year, has precocious pushed a fig of large argumentation proposals aimed astatine boosting location ownership and reining successful surviving costs.

Several of the proposals align ​the Republican president with Democratic lawmakers who person pushed specified ideas successful the past.

Trump is expected this week astatine the Davos gathering of ‌global concern leaders to supply much details connected however his medication hopes to instrumentality the proposals, which could person large implications for fiscal firms and investors portion doing small to little surviving ‌costs, economists person warned.

This is wherever the proposals stand:

CRACKING DOWN ON WALL STREET LANDLORDS

Earlier this month, Trump said connected his societal media level Truth Social that his medication was moving to prohibition Wall Street investors from buying single-family homes, successful a bid to trim location prices.

Wall Street investors owned astir 3% of single-family rental homes successful 2022, according to authorities data. Trump did not supply details connected however helium expected to instrumentality the ban.

CREDIT CARD INTEREST RATE CAPS

Also via Truth Social, Trump this ⁠month projected capping recognition paper involvement rates astatine 10% for ‌one twelvemonth starting January 20, successful a astonishment determination that blindsided lenders, according to manufacture sources, and sent fiscal stocks tumbling.

The medication has not said however it would enforce a cap, which would person to beryllium implemented by Congress, according to ‍analysts who besides noted erstwhile bills aimed astatine capping recognition paper rates person ne'er advanced.

White House property caput Karoline Leavitt past week said Trump expected recognition paper companies to comply, adjacent though banks person loudly opposed the connection which they said volition unit them to trim recognition availability, hurting consumers.

Trump subsequently spoke with Senator Elizabeth Warren, the apical ​Democrat connected the Senate Banking Committee, astir advancing legislative efforts she has pushed successful the past to headdress recognition paper rates and ace down connected ‌Wall Street landlords, Warren said.

Bloomberg subsequently reported connected Friday that the medication is mulling an enforcement bid to code recognition paper caps.

USING 401(K) PLANS FOR HOME DEPOSITS

Last week, White House economical advisor Kevin Hassett told Fox Business Network's "Mornings with Maria" programme that the medication plans to let status savers to usage their 401(k) funds to marque a location down payment, adding much details would beryllium released this week.