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Trump says he’ll cap credit-card interest rates at 10% as Americans battle soaring debt

January 10, 2026

Former President Trump has proposed capping credit card interest rates at 10% amid rising consumer debt concerns, although some experts caution that this could restrict access to credit. This marks a revival of a campaign promise he had previously sidelined since his presidency.

Trump says he’ll cap credit-card interest rates at 10% as Americans battle soaring debt

Key Highlights

Trump proposes a 10% cap on credit card interest rates.
Rising credit card debt has become a significant issue for Americans.
Experts warn that lower interest rates might limit credit access.
The proposal revives a campaign promise from Trump's earlier political agenda.

Prices (Fares, Fees and Rates)Trump, Donald J United States Politics and Government Regulation and Deregulation of Industry Banking and Financial Institutions Interest Rates Cost of Living and Affordability Consumer Financial Protection Bureau Sanders, Bernard Credit Cards Consumer Protection

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.

Trump says he’ll cap credit-card interest rates at 10% as Americans battle soaring debt

Key Highlights

Sources

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