Free Republic

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, which festered unimpeded during the Sleepy Joe Biden Administration," the president wrote on Truth Social late Friday. Mr. Trump said the cap on interest rates should begin on Jan. 20, 2026, or the one-year anniversary of his second inauguration.

Late last year, Americans hit another milestone: total credit card debt reached a record $1.23 trillion, with the average household in hock for $9,326.Increasingly Americans facing an affordability crisis are using their plastic to pay for basics like food and housing.And the cost of such credit is skyrocketing — only making the affordability problem worse.As of August 2025, the Federal Reserve reported the average interest rate on credit card accounts was 22.83%. Some consumers with low credit scores pay nearly 30%.During his 2024 presidential campaign, Donald Trump announced he would cap credit card rates at 10%.

READ AND RETWEET AS THOUGH THE LIFE OF YOUR NATION DEPENDS ON IT. WHICH IT DOES. Citizens, I am going to add to the picture with more information. I am not going to let this pass while keeping information to myself. I am going to walk you through 2 narratives. Patrick Byrne @PatrickByrne · 5h A printing shop in Michigan prints ballots for Delaware County, Pennsylvania and as Lancashire County, Pennsylvania (this is normal). But along with the ballots it prints on contract and delivers to those counties, it prints some ballots that get diverted to Bethpage, New York. There,...