Trump 10 Precent Credit Card Interest Rate Cap: A Blow to Bank Stocks, Consumers, and the U.S. Financial System?
January 13, 2026 — (Trump 10 percent credit card interest rate cap) In a surprise policy announcement that sent shockwaves through Wall Street, former President Donald J. Trump has officially proposed a federal 10% interest rate cap on all consumer credit cards for a period of one year. The proposal, unveiled at a rally in…