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

January 10, 2026

President Trump has proposed a one-year cap on credit card interest rates at 10%, aiming to alleviate the financial burden on Americans facing high living costs. He criticized the current rates, which he claims range from 20% to 30%, as exploitative and blames previous administration inaction for the situation.

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

Key Highlights

Trump's proposal intends to cap credit card interest rates at 10% starting January 20.
He claims current interest rates are unfairly high, ranging from 20% to 30%.
The proposal is positioned as a response to voter concerns about high living costs.
Trump blames the previous administration for failing to address the issue.

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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

Key Highlights

Sources

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