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What Trump's proposal for a 10% cap on credit card interest could mean for consumers

WBUR | By Here & Now Newsroom
Published January 15, 2026 at 7:58 AM AKST
Credit and bank cards with electronic chips. (Martin Meissner/AP)
Martin Meissner/AP
Credit and bank cards with electronic chips. (Martin Meissner/AP)

President Trump is calling for a one-year cap on credit card interest rates at 10%.

Here & Now‘s Peter O’Dowd speaks with MS NOW journalist Ali Velshi about what his proposal would mean and if it’s possible.

This article was originally published on WBUR.org.

Copyright 2026 WBUR
Here & Now Newsroom