🇺🇸 TRUMP IMPOSES LIMIT ON CREDIT CARD INTEREST RATES
President Donald J. Trump has approved a temporary cap on the maximum annual interest rate for credit cards at 10%
Duration:
from January 20, 2026, for 1 year
Impact for consumers
- All new and existing credit card debts fall under the 10% annual rate limit
- Sharp reduction in consumer borrowing costs compared to typical U.S. rates (20-30%+)
Why this decision matters
- The government directly intervenes in the consumer credit market
- Banks lose part of their interest margin
- Households receive short-term financial relief
Economic impact
- Possible increase in consumer spending
- Redistribution of risks from the public to the banking sector
- Pressure on credit scoring models and card issuer profitability
Broader market
Reduced debt burden increases working capital liquidity
This could indirectly affect:
- the stock market
- riskier assets
- cryptocurrencies, as alternative capital channels
This is a manual adjustment of the financial system amid debt overheating
It is temporary, but the consequences will be systemic
