Former US President Donald Trump announced a proposal to cap credit card interest rates at 10% for one year, beginning January 20, 2026. In a statement, Trump criticised credit card companies for charging interest rates between 20% and 30%, arguing that such practices have burdened American consumers.
Credit Card Interest
He said the measure aims to improve affordability and prevent the public from being “ripped off.” Trump linked the proposed start date to what he described as the anniversary of a successful Trump administration, framing the move as part of a broader economic agenda focused on cost-of-living pressures. The proposal would require regulatory and legislative backing to be implemented.
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