Coverage dated January 9, 2026 to January 13, 2026
President Trump wants to cap credit card interest at 10%: the pros & cons for borrowers
Headline from KTVU San Francisco, on the newest of 3 developments
The president's proposal could help consumers save billions of dollars and pay off debt faster. But financial experts say it could also make it harder for consumers with lower credit scores to get credit cards.
KTVU San Francisco's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Developments in this update
3 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.
Trump pushes a 1-year, 10% cap on credit card interest rates
Headline from East Idaho News ·
Four-Fifths of Credit Card Accounts Could Vanish Under Trump's Rate Cap, Experts Say
Headline from Investopedia ·
Newest
President Trump wants to cap credit card interest at 10%: the pros & cons for borrowers
President Trump called for a one-year cap on credit card interest rates late Friday, an idea that has drawn strong support from lawmakers in both parties but pushback from card issuers.
President Donald Trump on Friday called for a one-year, 10% cap on credit card interest rates, saying the American public is being “ripped off” in a Truth Social post.
NEW YORK — Reviving a campaign pledge, President Donald Trump wants a one-year, 10 percent cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew imme
Trump's 10% credit card rate cap is meant to help struggling borrowers, but industry data shows 80% of accounts could be cut off, hitting those borrowers hardest.
Some analysts argue the move could hurt low-income consumers and those with low credit scores, driving them toward less regulated more costly alternatives, like buy now pay later loans.
Trump's proposed interest rate cap is just political positioning. The proposal isn't a regulatory certainty and ignores a long list of potentially negative implications.
House Speaker Mike Johnson warns President Donald Trump's credit card interest rate cap proposal could cause lenders to stop lending money and reduce credit limits for borrowers.
An industry analysis shows President Donald Trump's proposed 10% credit card interest rate cap could eliminate cards for 82% to 88% of holders, with millions losing access to credit.
The president's proposal could help consumers save billions of dollars and pay off debt faster. But financial experts say it could also make it harder for consumers with lower credit scores to get credit cards.
