Earlier this week, President Donald Trump said he supports a 10% cap on credit card interest rates, proposing a one-year limit starting Jan. 20, 2026, according to a social media post. This idea isn’t ...

A proposed federal cap on credit card interest rates could drastically reduce Americans' access to credit and hurt the U.S.

President Trump had set Jan. 20 as a deadline for credit card companies to lower their interest rates to 10% for one year. Now that the date has arrived, most banks and card issuers have largely kept ...

This article originally appeared on PolitiFact.comAmid voter concern about the economy and affordability, President Donald Trump announced a new policy: a 10% cap on credit card interest rates for one ...

President Donald Trump’s recent proposal to cap credit card interest rates at 10% for one year aims to ease the burden on families facing high borrowing costs. The intent is straightforward and ...

For those cardholders who are revolving balances month to month, the main benefit of a 10% interest rate cap would be considerable savings on interest payments for as long as the cap is in place. For ...

“A 10% cap is significant, especially in the subprime and near-prime segments of the market, where prevailing interest rates are close to 30%. It’s hard to imagine a cap at that level not leading to a ...