), a frequent target of his invective, on Monday to discuss capping credit card interest rates. “An entire year went by, and he never once did anything to put caps in place to lower interest rates,” Warren said Tuesday. Roger Marshall (R-Kansas) and Dick Durbin (D-Ill.) reintroduced their bill that would crack down on credit card “swipe fees” Tuesday. AdvertisementDespite the recent emphasis on “affordability” by Trump and members of both parties, Republicans on Capitol Hill are skeptical of legislation to clamp down on credit card interest rates. “Credit card interest rates, like many interest rates, are calculated not just on what the going financial interest rates are, but your ability to repay those kind of things, and [the proposed cap] kind of ignores those fundamental issues.”Senate Majority Leader John Thune (R-S.D.)

Source: Huffington Post January 14, 2026 04:48 UTC