Trump weighs executive action to cap credit card interest at 10% by January 20

On January 17, 2026, President Donald Trump said he is considering an executive action to set a one‑year 10% ceiling on credit‑card interest, with a January 20 deadline. The plan is part of a broader affordability agenda focused on housing and 401(k) down payments, while major banks and trade groups warn the cap could tighten credit and disrupt unsecured lending.