Trump calls for one-year 10% cap on credit card interest rates
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U.S. President Donald Trump displays what he called a “Happy Trump” pin, as he attends a meeting with oil industry executives, at the White House in Washington, D.C., U.S., January 9, 2026.
| Photo Credit: REUTERS/Kevin Lamarque
U.S. President Donald Trump announced on Friday he would implement a one-year cap on credit card interest rates at 10% effective January 20, 2026.
“Effective January 20, 2026, I, as President of the United States, am calling for a one-year cap on Credit Card Interest Rates of 10%,” Trump wrote on Truth Social. The statement provided no further implementation details.
“We will no longer let the American public be financially exploited by credit card companies,” Trump added.
Published on January 10, 2026
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