Trump declares war on soaring credit card interest rates

President Donald Trump announced a sweeping new affordability measure aimed at American consumers, proposing in a pair of Truth Social media posts on Friday dramatic changes to credit card interest rates – and touting his second term in the White House as “historic and very successful.”

“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,” Trump wrote, adding that such practices...