Trump proposes 10% cap on credit card interest rates to ease affordability

Name: Trump proposes 10% cap on credit card interest rates to ease affordability
Uploaded: 2026-01-13T01:03:47Z
Description: President Donald Trump is proposing a one-year cap on credit card interest rates at 10%, arguing that card issuers have taken advantage of consumers with rates that can exceed 30%.

President Donald Trump is proposing a one-year cap on credit card interest rates at 10%, arguing that card issuers have taken advantage of consumers with rates that can exceed 30%.

Posted January 12, 2026 5:03pm PST