Trump Proposes Legal Cap on Credit Card Interest Rates at 10%
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 12 2026- Interest Rate Cap Proposal: Trump announced during a campaign speech that if re-elected on January 20, 2025, he would impose a legal cap of 10% on credit card interest rates, targeting current rates exceeding 25% to protect burdened middle-class Americans.
- Debt Pressure Response: With U.S. credit card debt surpassing $1 trillion, Trump's proposal aims to resonate with voters facing high debt, potentially gaining bipartisan support and enhancing his political influence.
- Industry Reaction Anticipated: Financial institutions and credit card companies are expected to oppose this proposal, citing concerns over profit margins and risk assessment, while legal analysts note that implementing such a cap may require new legislation.
- Regulatory Change Signal: Trump's warning indicates that if he returns to power, the credit card industry could face significant regulatory changes, with this populist economic proposal aimed at energizing his political base ahead of the 2024 election.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
