“Please be informed that we will no longer let the American Public be ‘ripped off’ by Credit Card Companies,” Trump added. “Begging credit card companies to play nice is a joke. Begging credit card companies to play nice is a joke. This bill explicitly directs credit card companies to limit rates as part of broader consumer relief legislation. AdvertisementDemocratic U.S. Representative Alexandria Ocasio-Cortez and Republican Congresswoman Anna Paulina Luna have also introduced a House of Representatives bill to cap credit card interest rates at 10%, reflecting cross-aisle interest in addressing high rates.

Source: Huffington Post January 10, 2026 13:30 UTC