KISSIMMEE, Fla.--(BUSINESS WIRE)--Jul 21, 2025--
MITER Brands, a residential window and door manufacturer, recently announced its upcoming attendance at the Southeast Build Conference (SEBC), taking place at the Gaylord Palms Resort and Convention Center in Kissimmee, Florida, on July 24 - 25, 2025.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250721187294/en/
MITER Brands is exhibiting products from its PGT Custom Windows and Doors and MI Windows and Doors brands at the annual event. SEBC is the largest industry trade show in the southeast, attracting more than 6,000 individuals, and offers attendees the opportunity to connect with new customers who are experienced professionals and leaders in the building industry. PGT products have been exhibited in this show for more than 15 years, and for the 2025 event, MITER Brands will serve as a gold sponsor.
"The Southeast Builders Conference has always provided a valuable platform for us to engage with our dedicated dealers and industry professionals," said Brian Covey, VP of Sales for MITER Brands. "We're thrilled to present our most sought-after products at the event this year, showcasing the innovative design and quality that PGT and MI are known for."
Attendees are invited to stop by booth no. 707 to view a number of products from PGT, including the PGT 5540 Vinyl Casement Window, PGT HR5410 Roller Window, and the PGT SGD5470 Sliding Glass Door. Products from MI Windows and Doors will also be on display, including the MI 3540 Single-Hung Vinyl Window and MI 1620 Vinyl Single-Hung Window.
Additionally, Brian and Mika Kleinschmidt, custom home designers featured on popular HGTV shows, including 100 Day Dream Home and Rock the Block, as well as brand partners of PGT, will also be in attendance.
About MITER Brands
Founded in 1947, MITER Brands is a residential window and door manufacturer that produces a portfolio of window and door brands for the new construction and replacement segments with an owner-operated, family-first approach. With more than 20 manufacturing facilities throughout the United States, MITER Brands is a nationwide supplier of precision-built and energy-efficient products. Through optimized manufacturing, valued relationships, and dedicated team members coast to coast, MITER Brands instills confidence and drives quality customer experiences. The name “MITER” is an acronym reflecting five of our core strengths: Manufacturing, Innovation, Trust, Experiences, and Relationships. For more information, visit www.miterbrands.com.
About PGT Custom Windows and Doors
PGT Custom Windows and Doors, part of the MITER Brands portfolio, is America’s authority in high-performance windows and doors. With decades of proven industry leadership and over 8+ million units installed, PGT Custom Windows and Doors has a consistent track record of leading the space with an unwavering focus on safety and innovation. Its product lines include WinGuard® aluminum and vinyl frames for impact resistant windows, ClassicVue Max™ aluminum frames for non-impact windows, and EnergyVue® vinyl frames for non-impact windows.
PGT Custom Windows and Doors has a primary focus of protecting families’ lifestyle choices with a commitment of delivering industry-best service. Backed by innovative technology, homeowners can enjoy their home life with greater peace of mind, wherever they choose to live, knowing they are protected from storms, noise, and intrusion.
For more information, visit PGTWindows.com.
About MI WINDOWS
MI Windows and Doors, part of the MITER Brands portfolio, is one of the nation’s largest suppliers of precision-built and energy-efficient residential windows and doors. With four manufacturing plants located in the Central and Eastern United States, MI offers stylish, high-performance, and market-preferred products for both new construction and replacement applications. For more information, visit www.miwindows.com.
From left to right: Brian and Mika Kleinschmidt at the 2024 Southeast Building Conference
From left to right: MITER Brands team members Sam Skelton, Brian Covey, Greg Czarkowski, Ryan DiPaolo and Tom Adams at the 2024 Southeast Building Conference
NEW YORK (AP) — Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew immediate opposition from an industry that has been in his corner.
Trump was not clear in his social media post Friday night whether a cap might take effect through executive action or legislation, though one Republican senator said he had spoken with the president and would work on a bill with his “full support.” Trump said he hoped it would be in place Jan. 20, one year after he took office.
Strong opposition is certain from Wall Street in addition to the credit card companies, which donated heavily to his 2024 campaign and have supported Trump's second-term agenda. Banks are making the argument that such a plan would most hurt poor people, at a time of economic concern, by curtailing or eliminating credit lines, driving them to high-cost alternatives like payday loans or pawnshops.
“We will no longer let the American Public be ripped off by Credit Card Companies that are charging Interest Rates of 20 to 30%,” Trump wrote on his Truth Social platform.
Researchers who studied Trump’s campaign pledge after it was first announced found that Americans would save roughly $100 billion in interest a year if credit card rates were capped at 10%. The same researchers found that while the credit card industry would take a major hit, it would still be profitable, although credit card rewards and other perks might be scaled back.
About 195 million people in the United States had credit cards in 2024 and were assessed $160 billion in interest charges, the Consumer Financial Protection Bureau says. Americans are now carrying more credit card debt than ever, to the tune of about $1.23 trillion, according to figures from the New York Federal Reserve for the third quarter last year.
Further, Americans are paying, on average, between 19.65% and 21.5% in interest on credit cards according to the Federal Reserve and other industry tracking sources. That has come down in the past year as the central bank lowered benchmark rates, but is near the highs since federal regulators started tracking credit card rates in the mid-1990s. That’s significantly higher than a decade ago, when the average credit card interest rate was roughly 12%.
The Republican administration has proved particularly friendly until now to the credit card industry.
Capital One got little resistance from the White House when it finalized its purchase and merger with Discover Financial in early 2025, a deal that created the nation’s largest credit card company. The Consumer Financial Protection Bureau, which is largely tasked with going after credit card companies for alleged wrongdoing, has been largely nonfunctional since Trump took office.
In a joint statement, the banking industry was opposed to Trump's proposal.
“If enacted, this cap would only drive consumers toward less regulated, more costly alternatives," the American Bankers Association and allied groups said.
Bank lobbyists have long argued that lowering interest rates on their credit card products would require the banks to lend less to high-risk borrowers. When Congress enacted a cap on the fee that stores pay large banks when customers use a debit card, banks responded by removing all rewards and perks from those cards. Debit card rewards only recently have trickled back into consumers' hands. For example, United Airlines now has a debit card that gives miles with purchases.
The U.S. already places interest rate caps on some financial products and for some demographics. The Military Lending Act makes it illegal to charge active-duty service members more than 36% for any financial product. The national regulator for credit unions has capped interest rates on credit union credit cards at 18%.
Credit card companies earn three streams of revenue from their products: fees charged to merchants, fees charged to customers and the interest charged on balances. The argument from some researchers and left-leaning policymakers is that the banks earn enough revenue from merchants to keep them profitable if interest rates were capped.
"A 10% credit card interest cap would save Americans $100 billion a year without causing massive account closures, as banks claim. That’s because the few large banks that dominate the credit card market are making absolutely massive profits on customers at all income levels," said Brian Shearer, director of competition and regulatory policy at the Vanderbilt Policy Accelerator, who wrote the research on the industry's impact of Trump's proposal last year.
There are some historic examples that interest rate caps do cut off the less creditworthy to financial products because banks are not able to price risk correctly. Arkansas has a strictly enforced interest rate cap of 17% and evidence points to the poor and less creditworthy being cut out of consumer credit markets in the state. Shearer's research showed that an interest rate cap of 10% would likely result in banks lending less to those with credit scores below 600.
The White House did not respond to questions about how the president seeks to cap the rate or whether he has spoken with credit card companies about the idea.
Sen. Roger Marshall, R-Kan., who said he talked with Trump on Friday night, said the effort is meant to “lower costs for American families and to reign in greedy credit card companies who have been ripping off hardworking Americans for too long."
Legislation in both the House and the Senate would do what Trump is seeking.
Sens. Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., released a plan in February that would immediately cap interest rates at 10% for five years, hoping to use Trump’s campaign promise to build momentum for their measure.
Hours before Trump's post, Sanders said that the president, rather than working to cap interest rates, had taken steps to deregulate big banks that allowed them to charge much higher credit card fees.
Reps. Alexandria Ocasio-Cortez, D-N.Y., and Anna Paulina Luna, R-Fla., have proposed similar legislation. Ocasio-Cortez is a frequent political target of Trump, while Luna is a close ally of the president.
Seung Min Kim reported from West Palm Beach, Fla.
President Donald Trump arrives on Air Force One at Palm Beach International Airport, Friday, Jan. 9, 2025, in West Palm Beach, Fla. (AP Photo/Julia Demaree Nikhinson)
FILE - Visa and Mastercard credit cards are shown in Buffalo Grove, Ill., Feb. 8, 2024. (AP Photo/Nam Y. Huh, File)
