Trump Calls for 10% Cap on Credit-Card Interest Rates -- WSJ-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Trump Calls for 10% Cap on Credit-Card Interest Rates -- WSJ

Dow Jones01-10

By Meridith McGraw

President Trump called for credit-card interest rates to be capped at 10% for one year in his latest attempt to address voter concerns about the stubbornly high cost of living.

"Please be informed that we will no longer let the American Public be 'ripped off' by Credit Card Companies that are charging Interest Rates of 20 to 30%, and even more," the president posted Friday on social media, adding that he wants the cap to begin Jan. 20.

Trump first proposed the 10% cap during the 2024 presidential campaign as a way to ease the burden on Americans carrying high levels of credit-card debt. It is one of several affordability-focused proposals he has floated in recent days. On Wednesday, Trump announced a ban on institutional investors buying single-family homes. On Thursday, he suggested mortgage giants Fannie Mae and Freddie Mac could buy $200 billion in mortgage bonds to help lower borrowing costs.

The president is expected to lay out his affordability agenda and housing policy during a speech at the World Economic Forum in Davos, Switzerland, later this month.

Write to Meridith McGraw at Meridith.McGraw@WSJ.com

(END) Dow Jones Newswires

January 09, 2026 21:29 ET (02:29 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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