Trump Should Set a Cap on Credit Card Rates at 10%
Trump calls for a 10% cap on credit card rates in his latest appeal to affordability concerns
- 2026.1.10 (CNN)
President Donald Trump said on Friday that Americans are being "ripped off" on credit card interest and proposed introducing a cap limiting credit card interest rates to 10% for one year. Trump said he wants this measure to take effect on January 20, 2026, marking the first anniversary of his return to the White House. However, he did not clarify the specific approach regarding whether to implement this through government order or to encourage voluntary participation from credit card companies.
