Congress.gov
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S.381 - 119th Congress (2025-2026): 10 Percent Credit Card Interest Rate Cap Act | Congress.gov | Library of Congress
Summary of S.381 - 119th Congress (2025-2026): 10 Percent Credit Card Interest Rate Cap Act
The Hill
thehill.com › homenews › house › 5692013-gop-trump-credit-card-interest-rate-cap
GOP breaks with Trump on credit card interest rate cap proposal
12 hours ago - Many Republicans are flatly rejecting President Trump’s proposal for a one-year 10-percent cap on credit card interest rates, warning that it will be unsustainable in the long run.
In the News
NYTimes
nytimes.com › 2026 › 01 › 14 › business › trump-credit-card-interest-rate-cap-banks.html
Why Banks Are So Worried About a 10% Credit Card Rate Cap - The New York Times
1 day ago - President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality. ... President Trump posted on social media Friday night calling for a one-year 10 percent cap on credit card interest rates.Credit...Eric Lee for The New York Times
Videos
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What we know about Trump's push to cap credit card interest rates ...
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What a 10% credit card interest rate cap could mean for borrowers ...
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Credit Card Rate Cap: Details on Trump's proposal - YouTube
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JPMorgan Says ‘Everything’ on Table to Fight 10% Credit Card ...
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Trump floats 10% credit card interest rate cap as credit card debt ...
CNBC
cnbc.com › 2026 › 01 › 12 › trump-credit-card-rate-cap-enforcement-path-risks.html
Trump's credit card rate cap plan has unclear path, 'devastating' risks, bank insiders say
4 days ago - Capital One, whose loan book is mostly from credit cards, sank nearly 7%. Trump proposed a one-year cap on interest rates starting Jan. 20. While it's unclear exactly how that would be enforced, the industry's message is clear: the plan would ...
The Guardian
theguardian.com › us-news › 2026 › jan › 10 › trump-credit-card-interest-rate-cap
Trump announces one-year 10% cap on credit card interest rates | Donald Trump | The Guardian
6 days ago - The president’s social media post on Friday night said the restriction would take effect on 20 January, but he did not provide specifics on how the government would implement it or ensure that companies comply.
The Points Guy
thepointsguy.com › credit-cards › credit-card-interest-rate-cap
Will credit card interest rates be capped at 10%? What we know - The Points Guy
4 days ago - President Donald Trump called for a 10% cap on credit card interest rates starting Jan. 20. Here's what we know.
Fox News
foxnews.com › politics › gop-senator-pushes-trumps-10-credit-card-rate-cap-party-leaders-push-back
Sen Roger Marshall plans Trump-aligned bill to cap credit card interest rates at 10% | Fox News
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 said on Truth Social. Marshall’s push isn’t his first foray into the world of credit — he and ...
Published 1 day ago
Reuters
reuters.com › sustainability › boards-policy-regulation › trump-calls-one-year-cap-credit-card-interest-rates-10-2026-01-10
Trump calls for one-year cap on credit card interest rates at 10% | Reuters
6 days ago - WASHINGTON, Jan 10 (Reuters) - ... one-year cap on credit card interest rates at 10% starting on January 20 but he did not provide details on how his plan will come to fruition or how he planned to make companies comply.
AP News
apnews.com › article › trump-credit-cards-interest-rates-savings-banks-dba221f122789427c1c625ba873c9b71
Trump pushes a 1-year, 10% cap on credit card interest rates. Banks balk | AP News
6 days ago - President Donald Trump says he wants a one-year, 10% cap on credit card interest rates. It's an idea that revives a campaign pledge and could save Americans tens of billions of dollars.
CBS News
cbsnews.com › moneywatch › bilt offers credit cards with 10% apr after trump proposes interest cap
Bilt offers credit cards with temporary 10% APR after Trump proposes interest-rate cap - CBS News
2 days ago - Financial technology company Bilt, ... that cap interest rates at 10% for one year. The offer, which will only apply to new purchases, comes after President Trump this week floated a 10% ceiling on the interest rates credit card issuers charge customers. The proposal drew immediate pushback from Citi, JP Morgan Chase and other major banks, which say it would result ...
Newsweek
newsweek.com › u.s.
What Trump’s Credit Card Cap Means for Your Wallet - Newsweek
3 days ago - President Donald Trump told reporters on Air Force One on Sunday: “I want a cap on credit card interest rates. Because, you know, some of them are 28, 30 percent. People don’t know they’re paying 30 percent. People out there, they’re working, and they have no idea that they’re paying 30 percent. No way. We’re putting a one-year cap at 10 percent, and that’s it.
BBC
bbc.com › news › articles › crmlkxjm88ko
Trump plan to cap credit card costs hits bank shares
4 days ago - In his statement on social media, Trump called for limiting it to 10%, reviving an idea he had put forward during his 2024 presidential campaign. "Effective January 20, 2026, I, as President of the United States, am calling for a one year cap ...
YouTube
youtube.com › watch
Can Trump cap credit card rates for one year? Here's what to know. - YouTube
President Trump says he wants to cap credit card interest rates at 10% for a year by Jan. 20. CBS News business analyst Jill Schlesinger breaks down if the p...
Published 3 days ago
American Bankers Association
aba.com › about-us › press-room › press-releases › rate-caps-statement
Rate Caps Statement | American Bankers Association
The Administration announced plans today to issue an executive order imposing a temporary 10% cap on credit card interest rates. The Bank Policy Institute, American Bankers Association, Consumer Bankers Association, Financial Services Forum and Independent Community Bankers of America issued ...
Business Insider
businessinsider.com › business insider › finance › 'this is a mistake president': bill ackman responds to trump's call for a one-year 10% cap on credit card interest
'This is a mistake President': Bill Ackman responds to Trump's call for a one-year 10% cap on credit card interest
3 days ago - President Donald Trump on Friday called for a 10% cap on credit card interest for one year.
America's Credit Unions
americascreditunions.org › news-media › news › 10-credit-card-apr-cap-would-harm-consumers
10% credit card APR cap would harm consumers | America's Credit Unions
President Donald Trump Friday night posted on Truth Social that he intends to cap credit card interest rates at 10% for one year, effective Jan. 20. The president made additional comments Sunday night, where he said credit card companies who ...
Fox Business
foxbusiness.com › economy › trumps-proposed-credit-card-interest-rate-cap-could-curb-access-millions-americans
Trump's proposed credit card interest rate cap could curb access for millions of Americans: report
President Donald Trump on Friday called for a one-year cap limiting credit card interest rates to 10%. (Anna Moneymaker/Getty Images) "We have to assume the risk in the financial services industry – that's community banks, credit unions, regional banks, large banks, across the board," Hunt said. "They assign risks to each and every cardholder and remember, there is no asset to this credit: it's not a house, it's not a mortgage, it's not an auto loan.
Published 3 days ago
Consumer Finance Monitor
consumerfinancemonitor.com › home › trump’s proposed 10% credit card interest cap: key considerations
Trump’s proposed 10% credit card interest cap: Key considerations | Consumer Finance Monitor
3 days ago - On January 9, 2026, President Donald Trump announced via Truth Social that he supports a temporary 10% cap on credit card interest rates (a concept raised during his 2024 presidential campaign), beginning on January 20, 2026.
CNBC
cnbc.com › 2026 › 01 › 10 › trump-calls-for-one-year-cap-on-credit-card-interest-rates-at-10percent.html
Trump calls for one-year cap on credit card interest rates at 10%
1 week ago - U.S. President Donald Trump said ... one-year cap on credit card interest rates at 10% starting on Jan. 20, but he did not provide details on how his plan would come to fruition or how he planned to make companies comply.