Credit Card Rate Reduction

credit card interest rates, Trump and 10 cap

Trump calls for credit card interest rate cap: Options for consumers if credit tightens

On Friday, Jan. 9, President Trump shared a message on Truth Social calling for a credit card interest rate cap starting Jan. 20, 2026 — just 11 days after posting.

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Trump promised a 10% interest rate cap on credit cards—what happened to it?

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Could Trump's Rate Cap Kill Your Credit Card?

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What does Pres. Trump's credit card cap mean for borrowers?

President Trump is calling on credit card companies to cap interest rates at 10-percent by Jan. 20th.

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Bank of America CEO Moynihan Says Credit Card Cap May Not Work as Expected

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Bank of America, Citi consider new credit cards with 10% rate - report

News 8000

Americans would save $100B if credit card rates were capped as Trump proposed, researchers say

NEW YORK — Americans would save roughly $100 billion a year in interest costs if President Donald Trump's campaign proposal to cap credit card interest rates at 10% were implemented, according to a new paper published by Vanderbilt University. Further ...

AOL

The Fed's cutting rates but credit card APRs aren't budging — this is why

The Federal Reserve cut rates by a quarter point in October — the second cut of 2025. Another quarter-point cut is widely expected when the Fed meets next week, though chair Jerome Powell isn't willing to commit to anything just yet. Here's what it means ...