10% credit card APR cap would harm consumers
January 12, 2026
January 12, 2026
WASHINGTON, Jan. 12 [Category: Financial Services] -- America's Credit Unions posted the following news:
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10% credit card APR cap would harm consumers
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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 do not impose a 10% cap would . . .
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10% credit card APR cap would harm consumers
*
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 do not impose a 10% cap would . . .