Trump's proposal for federal 10% credit card interest rate cap fails a test that economics students can pass.

In a move that has sent shockwaves through the financial industry, President Donald Trump took to Truth Social on Friday evening to announce his call for a temporary cap on credit card interest rates.

President Donald Trump noted at the Detroit Economic Club that he's calling to cap credit card rates at 10% for a year.

Financial institutions are compensated for taking certain risks around the creditworthiness of borrowers. If you remove those ...

President Trump started 2026 with new fights on many fronts, including one that may even excite the left-wing flank in ...

President Donald Trump called for a temporary 10% cap on credit card interest rates but did not provide details on how his plan would come to fruition or how he planned to make credit card issuers ...

Trump proposed a one-year 10% cap on the interest rates that American credit card companies can charge customers. Shares of Citigroup, JPMorgan Chase, Wells Fargo, Bank of America, Visa, Mastercard, ...