White House Credit Card Cap Rattles Banks As Consumer Lending Risks Shift

Trump’s Push for Credit Card APR Cap is Popular; Effects May Not Be

Earlier this week, President Donald Trump took to social media in support of a cap on credit card interest rates, saying Americans are being "ripped off" and proposing a one-year limit of 10%, starting Jan. 20, 2026.This idea isn’t new…

Trump’s Playing Both Sides Of The Credit Card Fight

A month before President Donald Trump renewed his calls last week to take on Americans’ crushing consumer debt by capping credit card interest rates, his administration quietly intervened in a legal battle to do the opposite. In December, Trump’s Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, which oversee the nation’s financial regulations, filed legal briefs in a case opposing a new Colorado state law …

White House Credit Card Cap Rattles Banks As Consumer Lending Risks Shift

Why a proposed 10% cap on credit card interest is rattling big banks

The proposal was a major topic this week during earnings calls.

While banks trash card restrictions, merchant lobbyists are cheering

Merchant groups are not taking a position on President Donald Trump's threats to cap interest rates, but they are bullish on the president's endorsement of the Credit Card Competition Act.

Billionaire Bill Ackman Says the Best Way to Lower Credit Card Rates Is to ‘Make It More Competitive,’ Not a 10% Cap: ‘This Is a Mistake’

President Donald Trump has joined calls to implement a 10% cap on credit card interest rates. But according to Wall Street veteran Bill Ackman, limiting interest rates would only backfire and make credit less accessible. He’s got a good point.