Trump calls for 1-year 10% cap on credit card interest rates

President Donald Trump announced a proposed one-year cap on credit card interest rates at 10%, blaming the Biden administration for allowing rates to climb as high as 20–30% and saying the move would boost affordability for Americans.

Jan 10, 2026 - 11:00
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Trump calls for 1-year 10% cap on credit card interest rates
President Donald Trump announced a proposed one-year cap on credit card interest rates at 10%, blaming the Biden administration for allowing rates to climb as high as 20–30% and saying the move would boost affordability for Americans.

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