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Trump calls for 1 year cap on credit card interest rates

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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Why Banks Are So Worried About a 10% Credit Card Rate Cap

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Trump’s Proposed Change to Credit Cards—and How It Could Impact You

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Would Trump's 10% cap on credit cards hurt more than some imagine?

President Donald Trump's call for putting a one-year, 10% cap on credit card rates certainly catches the eye — and no surprise, has caught the wrath of bankers.

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US House Speaker Johnson Says Credit Card Rate Cap Should Be Looked Into by Congress

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4 ways Trump wants to make America more affordable. Will they work?

Las Vegas Sun · 14h

Trump’s proposed 10% cap on credit card APR could hurt low- and middle-income earners

Industry analysis submitted by the Electronic Payments Coalition estimates that between 82% and 88% of existing card accounts — essentially all accounts tied to credit scores under 740 — would be clos...

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How Trump’s Cap on Credit-Card Rates Would Reshape the Rewards World

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Donald Trump hits banks where it hurts: their credit card divisions

8hOpinion

How To Play A Possible War On Credit Cards

Trump's proposed 10% credit card interest cap could materially impact banks with high credit card exposure, notably Capital One and Synchrony. COF's portfolio is now over 56% credit card balances, making it especially vulnerable to regulatory changes targeting interest rates.

1don MSN

JPMorgan CFO warns Trump's proposed credit card cap could cause people to lose access to credit

JPMorgan CFO Jeremy Barnum warned that President Trump's proposed 10% credit card interest rate cap could hurt the economy and reduce access to credit for consumers who need it most.