Trump calls for 1-year 10% cap on credit card interest rates

President Donald Trump announced Friday he is calling for a one-year cap limiting credit card interest rates to 10%.

Trump blamed the Biden administration for allowing rates to rise as high as 20–30%, adding that Americans were being "ripped off" by credit card companies.

"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...