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Keyword: creditcardinterest

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  • Mike Johnson Says Trump Probably Didn’t Think Through Credit Card Interest Rate Cap

    01/14/2026 8:24:15 AM PST · by Twotone · 59 replies
    The Daily Caller ^ | January 13, 2026 | Adam Pack
    House Speaker Mike Johnson poured cold water on President Donald Trump’s proposal to cap credit card interest rates, telling reporters Tuesday that Trump “probably had not thought through” the negative consequences for consumers. Trump, as part of his affordability push, floated a temporary 10% cap on credit card rates Friday, adding that he wants a freeze to begin for one year starting on Jan. 20. The proposal would likely require Congress to act, but Johnson signaled his chamber would not be taking up legislation anytime soon. “You’ve got to be very careful if you go forward in that, in the...