Americans holding credit card debt might have briefly cheered at President Donald Trump's recent call for a one-year cap of 10% on credit card interest rates. However, Wall Street and financial ...

President Donald Trump called for credit card companies to cap interest rates at 10%, roughly half the industry average, effective Jan. 20. That date arrived, and credit card rates have hardly budged.

Credit Card companies have until midnight to comply with President Trump's cap on interest rates at 10%. The White House has not shared the consequences.

The president gave credit card companies until Jan. 20 to cap interest rates at 10%. The White House has not provided any detail about what will happen to credit card companies that don’t lower card ...