Trump warns credit card firms over January 20 rate cap
ReutersJan 12, 2026 1:58 AM
Jan 11 (Reuters) - U.S. President Donald Trump said on Sunday that credit card companies would be in violation of the law if they failed to comply with his demand by January 20 for a 10% cap on interest rates, even as legal and financial observers said such a move would require new legislation from Congress to take effect.
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