Money

Trump calls for one-year 10 pc cap on Credit Card interest, citing ‘affordability’

January 10, 2026

President Donald Trump has proposed a one-year cap on credit card interest rates at 10%, effective January 20, 2026, arguing that Americans are being exploited by high rates. He did not specify whether the cap would be voluntary for lenders or enforced by the government, emphasizing the need for 'affordability' in financial services.

Central India's Premier English Daily

Credit: Centralchronicle

Key Highlights

Trump's proposed cap targets credit card interest rates of 20-30%.
The cap is set to start on January 20, 2026.
The announcement coincides with the one-year anniversary of Trump's return to the White House.
Trump criticized the current administration's handling of credit card interest rates.
No details provided on whether the cap would be voluntary or mandatory.

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Sources

Trump calls for one-year 10 pc cap on Credit Card interest, citing ‘affordability’

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.

Trump calls for one-year 10 pc cap on Credit Card interest, citing ‘affordability’

Key Highlights

Sources

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