Supporters say a 10% cap could give consumers real relief, helping families pay down debt instead of watching interest pile up. But critics argue it wouldn't be easy to implement.

A decades-long drive to cap credit card interest rates has received a sudden jolt from President Donald Trump — and widespread pushback from banks.

In a move that has sent shockwaves through the financial industry, President Donald Trump took to Truth Social on Friday evening to announce his call for a temporary cap on credit card interest rates.

Financial institutions are compensated for taking certain risks around the creditworthiness of borrowers. If you remove those ...

President Donald Trump noted at the Detroit Economic Club that he's calling to cap credit card rates at 10% for a year.

President Donald Trump called for a temporary 10% cap on credit card interest rates but did not provide details on how his plan would come to fruition or how he planned to make credit card issuers ...

Trump proposed a one-year 10% cap on the interest rates that American credit card companies can charge customers. Shares of Citigroup, JPMorgan Chase, Wells Fargo, Bank of America, Visa, Mastercard, ...

While President Donald Trump’s proposed 10% cap on credit card interest rates might seem appealing at first to consumers, it’s important to remember that not everything that glitters is gold. From the ...

President Trump started 2026 with new fights on many fronts, including one that may even excite the left-wing flank in ...