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Pres. Trump calls for credit card rate cap

Credit-card stocks are slumping. But analysts say a 10% rate cap is far from a done deal.

A 10% cap on interest rates could mean a big hit to card companies’ earnings. But a Jefferies analyst says it’s “highly unlikely” that Trump gets his way.

Opinion

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Trump's Credit Card Interest Cap Proposal: A Comedic Perspective

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Trump Pushes a 1-Year, 10% Cap on Credit Card Interest Rates and Banks Balk

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Wall Street skeptical Trump's proposed credit card rate cap will advance

U.S. President Donald Trump's proposal to cap credit card interest rates at 10% has grabbed headlines but would require legislation and has slim odds of passing, Wall Street analysts said.

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Trump pushes a 1-year, 10% cap on credit card interest rates

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Trump Demands Credit Card Companies Dramatically Slash Rates Because ‘AFFORDABILITY!’

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Trump Says Credit Card Firms Violate Law If Rates Not Capped

Trump, speaking Sunday to reporters on Air Force One as he returned to Washington from Florida, doubled down on his demand that card issuers lower interest rates to 10% and keep them there for one yea...

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Why investors shouldn’t panic yet about Trump’s plan to cap credit-card rates

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Trump Calls for One-Year Cap on Credit Card Interest Rates at 10% Starting January 2026

American Banker

Mastercard CEO slams proposals to alter swipe fees

Congress and the Federal Reserve are considering several updates to their rules for card fees, drawing the ire of Mastercard CEO Michael Miebach. During Mastercard's earnings call on Thursday, Miebach weighed in on the Credit Card Competition Act, the ...

U.S. News & World Report

Will the Visa-Mastercard Settlement Be Bad News for Your Premium Credit Card?

Visa and Mastercard announced a new proposal with U.S. merchants in a 20-year-long legal battle over interchange, or swipe, fees. The proposal includes a temporary reduction in swipe fees and could loosen the "honor all cards" rule, potentially allowing ...

Washington Examiner

Trump credit card proposal could have ‘unintended consequences’: Biden adviser

An adviser to President Joe Biden expressed caution about former President Donald Trump‘s proposal to put a temporary cap of about 10% on credit card interest rates. For Jared Bernstein, chairman of the U.S. Council of Economic Advisers, economists ...

Seeking Alpha

Swipe fees: Visa, Mastercard $30B settlement proposal may be rejected

A $30B settlement proposed by Visa (NYSE:V) and Mastercard (NYSE:MA) is likely to be rejected by a federal judge in a major setback for the card networks in the long-running dispute over swipe fees. Judge Margo Brodie at a hearing in Brooklyn, New York ...