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
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
3 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 ...
In the News
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
5 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.
Videos
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What we know about Trump's push to cap credit card interest rates ...
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Credit Card Rate Cap: Details on Trump's proposal - YouTube
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What a 10% credit card interest rate cap could mean for borrowers ...
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JPMorgan Says ‘Everything’ on Table to Fight 10% Credit Card ...
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Why Trump's wish to cap credit card interest rates to 10% won't ...
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
9 hours ago - Banks and lenders have been in a tizzy ever since President Trump posted on social media Friday night calling for a one-year 10 percent cap on credit card interest rates. Those fees are a major profit source for card issuers, which for decades have fought legislative attempts to curb them.
BBC
bbc.com › news › articles › crmlkxjm88ko
Trump plan to cap credit card costs hits bank shares
3 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 ...
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
5 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.
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 8 hours ago
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
3 days ago - President Donald Trump called for a 10% cap on credit card interest rates starting Jan. 20. Here's what we know.
Washington Post
washingtonpost.com › business › personal finance
You don't need Trump to cap your credit card interest. Just use this script. - The Washington Post
1 day ago - January 14, 2026 at 6:00 a.m. ESTYesterday at 6:00 a.m. EST ... It was a ridiculous demand and dead on arrival. President Donald Trump called for a one-year cap of 10 percent on credit card interest rates, effective Jan.
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
5 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.
Newsweek
newsweek.com › u.s.
What Trump’s Credit Card Cap Means for Your Wallet - Newsweek
2 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.
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.
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 ...
Reuters
reuters.com › sustainability › boards-policy-regulation › banks-warn-consumers-will-be-hurt-by-trumps-10-cap-credit-card-interest-rates-2026-01-12
Banks warn consumers will be hurt by Trump's 10% cap on credit card interest rates | Reuters
3 days ago - Jan 12 (Reuters) - U.S. banks and ... on Friday called for a one-year cap on credit card interest rates at 10% starting on January 20....
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 2 days ago
CNBC
cnbc.com › 2026 › 01 › 13 › trump-credit-card-rate-cap-jpmorgan-chase-banks-fight.html
JPMorgan Chase says banks could fight Trump credit card rate cap: 'Everything's on the table'
2 days ago - Banks that don't follow the directive are "in violation of the law," Trump told reporters Sunday. Still, it's unclear how Trump's mandate would be enforced. There is no U.S. law capping card rates, though a bill was introduced last year from Sen.
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 2 days ago
Reuters
reuters.com › business › finance › us-financial-stocks-fall-after-trump-calls-credit-card-rate-cap-2026-01-12
Financial stocks fall as Trump's credit card rate cap plan rattles investors | Reuters
3 days ago - Trump on Friday called for a 10% cap on the interest rate on credit cards starting January 20 without providing details on how he planned to make the companies comply.
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
1 day 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 ...