Trump Calls for 10% Cap on Credit-Card Interest Rates

President Trump called for credit-card interest rates to be capped at 10% for one year in his latest attempt to address voter concern about the stubbornly high cost of living.

“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,” the president posted Friday on social media, adding that he wants the cap to begin Jan. 20.