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10.01.26 - 19:42
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"Affordability!": Trump Calls For Temporary 10 Percent Cap On Credit Card Interest Rates (ZeroHedge)
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"Affordability!": Trump Calls For Temporary 10 Percent Cap On Credit Card Interest Rates
President Trump said on Jan. 9 that he would call for a one-year cap on credit card interest rates of 10 percent, potentially starting later this month, though its enforcement may depend on Congress.
In a Truth Social post, Trump said that Americans are being “ripped off” by credit card companies that charge interest rates between 20 and 30 percent, and vowed his administration will put an end to it.
“AFFORDABILITY! 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%,” the president stated.
The cap's proposed start date coincides with the anniversary of Trump's second-term inauguration and, if implemented, would fulfill his 2024 election campaign pledge.
Who could have seen that coming?
Two months later... https://t.co/POf3Y4jlrq pic.twitter.com/D4BlY4PD1i
— zerohedge (@zerohedge) January 10, 2026
As Bloo...
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10.01.26 - 18:24
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Trump announces one-year 10% cap on credit card interest rates (The Guardian)
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But critics expressed doubt that president can implement such a move without approval from CongressDonald Trump announced a one-year cap that would limit credit card interest rates to 10% this week, in a move that has prompted mixed reaction from lawmakers and beyond.The president's social media post on Friday night said the restriction would take effect on 20 January, but he did not provide specifics on how the government would implement it or ensure that companies comply. Continue reading......
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10.01.26 - 04:15
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Trump calls for one-year 10 percent cap on credit card interest rates (The Hill)
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President Trump on Friday night called on credit card companies to cap interest rates at 10 percent. “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, which festered unimpeded during the Sleepy Joe......
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09.01.26 - 21:12
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Rosner, Gwinn on Jobs Report, Fed Policy, Trump′s Mortgage Bond Announcement (Bloomberg)
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Bond traders all but wiped out their bets that the Federal Reserve would cut interest rates later this month after the unemployment rate for December fell more than expected. On "Bloomberg Real Yield", Lindsay Rosner, head of multi-sector fixed income investing at Goldman Sachs Asset Management, and Blake Gwinn, head of US rates strategy at RBC Capital Markets, speaks with Scarlet Fu about the jobs report, Fed monetary policy and President Trump's mortgage bond announcement. (Source: Bloomberg)...
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