Posted originally on CTH on January 10, 2026 | Sundance

Details are scant, and I’m not exactly sure how this would work, but President Trump has proposed a one-year freeze on credit card rates at 10%.

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As noted by Politico, previous “legislation sponsored by Sen. Bernie Sanders (I-Vt.) and cosponsored by Sen. Josh Hawley (R-Mo.) would impose a 10 percent cap on credit card rates for five years. Similar legislation has been introduced in the House.”  Yet, unilateral authority by a President does not seem evident.

If anyone has any information on how this could be accomplished, feel free to share. I’m not sure how this can be done.