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Can Trump cap credit card rates for one year? Here's what to know.

Name: Can Trump cap credit card rates for one year? Here's what to know.
Uploaded: 2026-01-13T07:14:00-0500
Duration: 2 min 27 s
Description: President Trump says he wants to cap credit card interest rates at 10% for a year by Jan. 20. CBS News business analyst Jill Schlesinger breaks down if the president has the ability to cap rates and what it would mean for you.

President Trump says he wants to cap credit card interest rates at 10% for a year by Jan. 20. CBS News business analyst Jill Schlesinger breaks down if the president has the ability to cap rates and what it would mean for you.