President Trump on Friday called on credit card companies to cap interest rates at 10% for one year, beginning later this month.
“Please be informed that we will no longer let the American Public be ‘ripped off’ by Credit Card Companies that are charging Interest Rates of 20 to 30%, and even more, which festered unimpeded during the Sleepy Joe Biden Administration. AFFORDABILITY!,” Trump wrote on Truth Social.
“Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%,” he announced. “Coincidentally, the January 20th date will coincide with the one year anniversary of the historic and very successful Trump Administration.
“Thank you for your attention to this matter.”
I was getting real tired of all their “usurious” offers. I learned the hard way not to take the bait anymore. It’s a struggle, but I thank the Lord for helping me!
I throw all them reduced credit card interest rate offers away. I don’t even read them because I know somewhere in all that double talk there is a loophole for them to shove it up my ass later down the road