President Donald Trump said in a Truth Social post that he will seek to impose a one-year cap on credit card interest rates at 10%, starting January 20, 2026, as part of an effort to reduce borrowing costs for consumers.
- Trump said the proposed cap would limit credit card interest rates currently ranging from 20% to 30%.
- The policy would take effect on January 20, 2026, marking one year into his current administration.
- He framed the proposal as part of a broader affordability initiative aimed at lowering household financial burdens.
- The announcement was made via Truth Social and has not yet been accompanied by formal regulatory or legislative details.
- Any nationwide rate cap would likely require congressional action or regulatory coordination with financial agencies.
Relevant Companies
- Visa ($V): Lower interest rate caps could affect issuer economics and transaction volumes across major card networks.
- Mastercard ($MA): Policy changes impacting credit card pricing could influence usage patterns and network fees.
- American Express ($AXP): As both a network and issuer, AmEx could see direct effects on interest income from cardholders.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
/Microsoft%20Corporation%20logo%20on%20phone-by%20rafapress%20via%20Shuterstock.jpg)
/Advanced%20Micro%20Devices%20Inc_%20office%20sign-by%20Poetra_RH%20via%20Shutterstock.jpg)
/Quantum%20Computing/Image%20by%20Funtap%20via%20Shutterstock.jpg)