News Brief: Trump Pushes for 10% Credit Card Rate Cap
Summary
Former President Donald Trump is urging Congress to legislate a 10% cap on credit card interest rates, a move heavily criticized by the banking industry as unlikely to pass and potentially harmful.
Key Points
- Proposal: Trump publicly called for a one-year legislative cap of 10% on credit card APRs, criticizing current rates as usurious.
- Market Reaction: Bank stocks rose following his comments, indicating low market concern about immediate implementation.
- Legislative Hurdles: A similar bill from Senators Hawley and Sanders is stalled. Analysts cite strong Republican opposition and lack of bipartisan support.
- Industry Pushback: Banks argue a cap would force them to cancel accounts for riskier borrowers and have “unintended consequences.”
- Executive Pressure: Trump’s earlier call for voluntary caps failed; banks have not changed rates. JPMorgan CEO Jamie Dimon called the idea an “economic disaster.”
新闻简报：特朗普推动设定10%信用卡利率上限
总结
美国前总统唐纳德·特朗普正敦促国会立法，将信用卡利率上限设定为10%。此举遭到银行业强烈批评，认为该提案很难通过，且可能带来危害。
关键点
- 提案内容：特朗普公开呼吁立法设定10%的信用卡年利率上限，为期一年，并批评现行利率过高。
- 市场反应：其言论发布后银行股上涨，表明市场对其立即实施的可能性担忧较低。
- 立法障碍：参议员霍利和桑德斯提出的类似法案已陷入停滞。分析师指出该提案面临共和党强烈反对且缺乏两党支持。
- 行业反对：银行业辩称，利率上限将迫使其取消风险较高客户的账户，并带来“意想不到的后果”。
- 行政压力：特朗普早前呼吁银行自愿降限未能奏效，银行并未调整利率。摩根大通CEO杰米·戴蒙称该想法是一场“经济灾难”。
Original Article Link: https://www.cnbc.com/2026/01/21/trump-congress-10percent-credit-card-interest-rate-cap.html