A Week Of Uncertainty For The Credit Card Industry

On Friday, January 9, 2026 President Trump kicked off a week of uncertainty for the credit card industry when he took to social media to revive his support for a 10% cap on credit card interest rates beginning on January 20, 2026. An idea he initially floated on the 2024 campaign trail, his recent post on Truth Social called for a one year, 10% cap on credit card interest with the stated goal of improving “affordability.” The president doubled down on his stance on Sunday evening…
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