President Trump announced on Truth Social that he plans to implement a one-year cap on credit card interest rates at 10% starting January 20, 2026. The current rates range from 20% to 30%. This move is part of an effort to reduce borrowing costs for consumers and lower household financial burdens. The announcement did not include specific regulatory or legislative details yet. Companies like Visa, Mastercard, and American Express could be impacted by the proposed changes in credit card pricing and interest rates. This is a developing story and more information may become available soon.

Read more at Quiver Quantitative LLC: Trump Calls for One-Year Cap on Credit Card Interest Rates at 10% Starting January 2026