Trump calls for one year cap on credit card interest rates of 10%

Reuters01-10 09:10

WASHINGTON, Jan 9 (Reuters) - U.S. President Donald Trump said on Friday he was calling for a one year cap on credit card interest rates of 10% starting January 20.

"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 wrote on Truth Social, without providing more details.

"Please be informed that we will no longer let the American Public be 'ripped off' by Credit Card Companies," Trump added.

(Reporting by Kanishka Singh and Jasper Ward in Washington)

((Kanishka.Singh@thomsonreuters.com; +12024508248;))

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