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Trump Vows 1-Year Cap on Credit Card Rates at 10%
President Donald Trump spoke to reporters under an umbrella at the White House, departing Washington, D.C., for Mar-a-Lago. (Brendan Smialowski/Getty Images)
President Donald Trump: "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! 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%." [Full Story]
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