Trump calls for a one-year 10% cap on credit card interest in a Truth Social post

Donald Trump on Friday said he would impose a cap on credit card interest.

ANDREW CABALLERO-REYNOLDS / AFP via Getty Images

• President Donald Trump said that he was calling for a 10% cap on credit card interest for one year.
• The president cannot unilaterally cap credit interest rates; it would require an act of Congress.
• This week, Trump has also announced proposals to address the affordability of housing.

President Donald Trump has taken another shot at big business, targeting banks this time.