đš MASSIVE U.S. CREDIT CARD INTEREST SHAKEUP đșđžđł
President Donald Trump just announced a bold plan to **cap credit card interest rates at **10% for one year starting January 20, 2026, aimed at stopping banks from âripping offâ Americans with 20â30%+ APRs. Itâs being pitched as a major affordability move for households drowning in consumer debt.
đŁ What We Know:
âą 10% max APR for credit cards for one year starting Jan 20 â the one-year anniversary of Trumpâs second term.
âą Trump blasted high existing interest rates as exploitative and said the move will protect Americans from excessive credit costs.
âą But details on enforcement or legal authority are still unclear â such a cap would likely need Congressional approval and specific regulatory mechanisms.
đ„ Why This Matters:
â Could dramatically cut borrowing costs for millions if implemented
â May ease consumer debt pressure and increase disposable income
â ïž Could force banks to tighten credit access, reduce card availability, or push consumers toward riskier lenders
This is a story with huge implications for everyday Americans, Wall Street banks, and consumer credit markets â and markets are watching. đđ„
#CreditCardCap #ConsumerDebt #MarketAlert #WriteToEarnUpgrade #USD
