1 day ago - Sen. Elizabeth Warren, D-Mass., told CNBC that President Donald Trump reached out on Monday to discuss capping interest rates on credit cards.

7 hours ago - 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

2 days ago - Shares of credit card companies like American Express, JPMorgan, Citigroup, Capital One and others fell sharply Monday as investors worried about the potential hit to profits these banks may face if an interest rate cap were implemented. In a call with reporters, JPMorgan’s Chief Financial Officer Jeffrey Barnum indicated the industry was willing to fight with all resources at its disposal to stop the Trump administration from capping those rates.

1 day ago - Banks argue that capping rates would fundamentally change how credit cards work. President Donald Trump has set out to cap interest rateson credit cards

15 hours ago - In a post on Truth Social last Friday, President Trump called for a "one year cap on Credit Card Interest Rates of 10%." The president has since doubled down on the proposal, saying banks that didn't comply by Jan. 20 would be in violation.

1 day ago - Trump also said that credit card rates should be capped at 10% for one year, beginning next week — though it's unclear whether banks would honor that demand without legislation or regulations that force them to.

1 day ago - President Donald Trump called for a one-year cap of 10 percent on credit card interest rates, effective Jan.

3 days ago - On Friday, Trump wrote on Truth Social that interest rates on cards should be limited to 10% for one year from 20 January. He did not specify how such a cap might be introduced or whether such a move would be legally enforceable.

3 days ago - Bank executives were sent scrambling over the weekend after President Donald Trump declared late Friday that American credit card companies would be subject to a 10% cap on the interest rate they can charge customers.

1 day ago - Trump announced support for a one-year cap of 10 percent on credit card interest rates, writing in a Truth Social post on January 9 that Americans are being “ripped off” by credit card companies “charging Interest Rates of 20 to 30%, and ...

5 days ago - Donald Trump announced a one-year cap that would limit credit card interest rates to 10% this week, in a move that has prompted mixed reaction from lawmakers and beyond.

1 day ago - Though Trump’s announcement, made on social media late on Friday, doesn’t equate to an act of Congress, banks are taking the possibility of legislation seriously. Executives are weighing options like offering credit cards with interest charges capped at 10 percent or offering cardholders a temporary reprieve on rates, according to Bloomberg.

1 day ago - House Speaker Mike Johnson poured cold water on President Donald Trump’s proposal to cap credit card interest rates, telling reporters Tuesday that Trump “probably had not thought through” the negative consequences for consumers.

1 day ago - Bilt is unveiling three new credit cards with interest rates capped at 10%, days after President Donald Trump threatened lenders that failed to do so. The firm, best known for cards that offer rewards for mortgage and rent payments, will maintain ...

7 hours ago - President Trump’s proposed plan to cap credit card rates at 10% have sent big waves through the financial scene, causing shares of banks and credit card companies to take a fairly sizeable hit.

2 days ago - 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%. Coincidentally, the January 20th date will coincide with the one year anniversary of the historic and very ...