Sunday, January 11, 2026

Trump announces one-year 10% cap on credit card interest rates

Elizabeth Warren, the senator from Massachusetts, also expressed skepticism about whether Trump could implement such a cap without approval from Congress. 

"Begging credit card companies to play nice is a joke. I said a year ago if Trump was serious I'd work to pass a bill to cap rates," Warren said in a statement. 

"Since then, he's done nothing but try to shut down the [Consumer Financial Protection Bureau]. Trump doesn't care about affordability. Americans know a fraud when they see one."…

https://www.theguardian.com/us-news/2026/jan/10/trump-credit-card-interest-rate-cap


 

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