Trump Calls For a 10%, One-Year Cap on Credit Card Interest Rates
President Trump on Friday called on credit card companies to cap interest rates at 10% for one year, beginning later this month.
“Please be informed that we will no longer let the American Public be ‘ripped off’ by Credit Card Companies that are charging Interest Rates of 20 to 30%, and even more, which festered unimpeded during the Sleepy Joe Biden Administration. AFFORDABILITY!,” Trump wrote on Truth Social.
“Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%,” he announced. “Coincidentally, the January 20th date will coincide with the one year anniversary of the historic and very successful Trump Administration.
Read More at the New York Post
