US weighs executive action to cap credit card rates, Bloomberg News reports
ReutersJan 16, 2026 11:57 PM
Jan 16 (Reuters) - The White House is weighing an executive action to enact U.S. President Donald Trump’s call for a cap on credit card interest rates, Bloomberg News reported on Friday, citing people familiar with the matter.
The plan, which is still being crafted as administration officials discuss the terms with industry and Congress, is designed to lower interest rates on credit cards as part of a broader push to reduce costs for Americans, the report said.
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