Trump proposes 10% credit card cap — Could a 10% credit card interest cap end your debt?

President Trump calls for a one-year 10% credit card interest cap starting January 20, 2026. Average U.S. APRs hover above 20%. Banks warn of credit loss, higher fees, and revenue cuts. Millions of Americans could see lower payments. Congress must approve. This move intensifies debate on consumer costs, debt relief, and financial access.