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BREAKING 🚨 On Air Force One: President Trump announces he will be protecting people from banks charging outrageous credit card rates “We're not going to let that happen, so it's a 1 year 10% cap on credit cards” THIS IS HUGE 🔥

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WATCH: President Trump doubles down on his push to put a cap on credit card interest rates: "We're putting a one-year cap at 10%." "They've really abused the public, the credit card companies... I'm not going to let it happen."
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WATCH: President Trump doubles down on his push to put a cap on credit card interest rates: "We're putting a one-year cap at 10%." "They've really abused the public, the credit card companies... I'm not going to let it happen."

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TRUMP NOW ON THE 10% CREDIT CARD RATE CAP: "Credit card companies will be in violation of the law if they do not comply with the interest rate cap by January 20. They are abusing people and I am not going to let it happen." My question is how is he going to implement this...
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TRUMP NOW ON THE 10% CREDIT CARD RATE CAP: "Credit card companies will be in violation of the law if they do not comply with the interest rate cap by January 20. They are abusing people and I am not going to let it happen." My question is how is he going to implement this...

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Kevin Hassett on Trump's 10% cap on credit card interest rates: "Our expectations is that it won't necessarily require legislation because there will be great new Trump Cards provided voluntarily by the banks."
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Kevin Hassett on Trump's 10% cap on credit card interest rates: "Our expectations is that it won't necessarily require legislation because there will be great new Trump Cards provided voluntarily by the banks."

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BREAKING 🚨 President Trump stuns Reporters CONFIRMING he is capping Credit Card interest rates at 10% for Americans I VOTED FOR THIS 🔥

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President Trump promised to cap credit card interest rates at 10%. We are more than 5 months past Trump's January 20 deadline. Not a single bank has done so. Absolute 🔥🔥 from @senwarren
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President Trump promised to cap credit card interest rates at 10%. We are more than 5 months past Trump's January 20 deadline. Not a single bank has done so. Absolute 🔥🔥 from @senwarren

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"People that are paying 28% interest should be protected... When you have a bank, whether it's Jamie Dimon or anybody else, charging people 28%, 32%... I'll help those people," says President Donald J. Trump on his credit card interest rate cap. "Let the people have a break."
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"People that are paying 28% interest should be protected... When you have a bank, whether it's Jamie Dimon or anybody else, charging people 28%, 32%... I'll help those people," says President Donald J. Trump on his credit card interest rate cap. "Let the people have a break."

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🚨WATCH: Speaker Johnson on Trump’s proposed 10% credit card interest cap when asked by Andi Shae Napier “One of the things that the president probably had not thought through” is how banks might respond by cutting off or limiting credit.
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🚨WATCH: Speaker Johnson on Trump’s proposed 10% credit card interest cap when asked by Andi Shae Napier “One of the things that the president probably had not thought through” is how banks might respond by cutting off or limiting credit.

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$JPM CEO Jamie Dimon warned that a proposed 10% cap on credit card interest rates would effectively cut off credit for roughly 80% of Americans. He said the policy would be an economic disaster shrinking access rather than protecting consumers
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$JPM CEO Jamie Dimon warned that a proposed 10% cap on credit card interest rates would effectively cut off credit for roughly 80% of Americans. He said the policy would be an economic disaster shrinking access rather than protecting consumers

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Hassett on Trump's proposed cap on credit card interest: "Our expectation is that it won't necessarily require legislation because there will be really great new Trump Cards presented for folks"
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PRESIDENT TRUMP: If credit card companies do not lower interest rates to 10% by January 20th, "then they are in violation of the law, very severe things." "They really abuse the public, I am not going to let it happen," Trump adds.
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PRESIDENT TRUMP: If credit card companies do not lower interest rates to 10% by January 20th, "then they are in violation of the law, very severe things." "They really abuse the public, I am not going to let it happen," Trump adds.

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President Donald Trump called for a one-year cap on credit card interest rates at 10%. What does that actually look like in practice? PNC Bank CEO Bill Demchak tells Joe Weisenthal and Tracy Alloway how the interest rate cap might affect businesses and consumers
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On the campaign trail, Donald Trump stood up and said he would cap credit card interest rates at 10%. You know what? That's a good idea. I'm going to introduce legislation to do exactly that. I sincerely hope that Trump keeps his word.
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"So what does he say? He says he's going to put a 10% cap on interest rates. You know what he hasn't done? Put a 10% cap on credit card interest rates. There's all sorts of things that come out of the man's mouth." Too often we talk about what he's talking about, but we ought to talk about what he's doing.
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"So what does he say? He says he's going to put a 10% cap on interest rates. You know what he hasn't done? Put a 10% cap on credit card interest rates. There's all sorts of things that come out of the man's mouth." Too often we talk about what he's talking about, but we ought to talk about what he's doing.

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