President Donald Trump called for credit card companies to cap interest rates at 10%, roughly half the industry average, effective Jan. 20. That date arrived, and credit card rates have hardly budged.

A new proposal to cap credit card interest rates is being met with skepticism from financial experts. They warn the move would not only limit access to credit but could also mean the end of popular ...

A new proposal to cap credit card interest rates is being met with skepticism from financial experts. They warn the move would not only limit access to credit but could also mean the end of popular ...

President Trump called for credit-card interest rates to be capped at 10% for one year in his latest attempt to address voter concern about the stubbornly high cost of living. “Please be informed that ...

Who wouldn’t want lower credit card interest rates? At a time when many Americans are stretched thin, the idea of capping credit card rates sounds not just reasonable, but compassionate. High APRs are ...

NEW YORK, Jan 20 (Reuters) - Citigroup CEO Jane Fraser said on Tuesday she does not expect Congress to approve caps on credit card interest rates as suggested by president Donald Trump. "The president ...

On Friday, Jan. 9, President Trump shared a message on Truth Social calling for a credit card interest rate cap starting Jan. 20, 2026 — just 11 days after posting. His proposal would cap rates at 10% ...

President Donald Trump’s proposal to cap credit-card interest rates at 10% on Jan. 20 sent stocks of card issuers falling. Many experts believe Congress would have to pass legislation to enact the ...

House Speaker Mike Johnson, R-La., pushed back on a proposal from President Donald Trump to cap the interest that credit card companies can charge borrowers. "I talked with him about it briefly ...

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 ...

President Donald Trump is calling for a 10% cap on credit card interest rates. The average credit card interest rate was recently reported to be between 19.65% and 21.39%. Bipartisan bills to cap ...