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Bipartisan Bill Aims to Cap Credit Card Interest at 10%

1/23/2026

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Summary

Story summary

Rep. Anna Paulina Luna (R-Fla.) and Democratic Rep. Alexandria Ocasio-Cortez co-sponsor a bipartisan bill to cap credit card interest at 10%.
The measure follows U.S. President Donald Trump’s order for banks to lower rates to 10%.
Luna discussed the bill during an interview with CBS News.
Legislative action is necessary to implement this change.

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Story summary

Rep. Anna Paulina Luna (R-Fla.) and Democratic Rep. Alexandria Ocasio-Cortez co-sponsor a bipartisan bill to cap credit card interest at 10%.
The measure follows U.S. President Donald Trump’s order for banks to lower rates to 10%.
Luna discussed the bill during an interview with CBS News.
Legislative action is necessary to implement this change.