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House Speaker Questions Trump’s 10% Credit Card Interest Cap

1/14/2026

Summary

Story summary

House Speaker Mike Johnson expressed skepticism about U.S. President Donald Trump's plan to cap credit card interest at 10%, warning it could limit access for low-income consumers.
Johnson's stance marks a shift from his usual support for Trump policies.
Industry groups, including the American Bankers Association, say the cap could push consumers toward riskier lending.
Senators Bernie Sanders and Josh Hawley support the cap, arguing it would ease debt burdens.

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Story summary

House Speaker Mike Johnson expressed skepticism about U.S. President Donald Trump's plan to cap credit card interest at 10%, warning it could limit access for low-income consumers.
Johnson's stance marks a shift from his usual support for Trump policies.
Industry groups, including the American Bankers Association, say the cap could push consumers toward riskier lending.
Senators Bernie Sanders and Josh Hawley support the cap, arguing it would ease debt burdens.