"After my speech, the president called me, I delivered this same message on affordability to him directly, Warren said. I told him that Congress can pass legislation to cap credit card rates if he will actually fight for it. She continued: I also urged him to get House Republicans to pass the bipartisan ROAD to Housing Act, which passed the Senate with unanimous support and would build more housing and lower costs. No more delays. It's time to deliver relief for American families."
"Trump on Friday demanded a 10% cap on credit card interest rates, citing affordability as the reason for the change. He posted on Truth Social it should go into effect on the one year anniversary of the historic and very successful Trump Administration. Please be informed that we will no longer let the American Public be ripped off' by Credit Card Companies that are charging Interest Rates of 20 to 30%, and even more, which festered unim"
President Donald Trump proposed capping credit card interest rates and demanded a 10% cap, citing affordability concerns. President Trump called Senator Elizabeth Warren to discuss the proposal. Senator Warren expressed openness to work with the president if he secures Republican support for legislation she supports. Warren urged the president to push House Republicans to pass the bipartisan ROAD to Housing Act, which passed the Senate unanimously and aims to boost housing supply, ease homebuying for veterans, and reduce regulatory red tape. The ROAD to Housing Act was primarily sponsored by Senator Tim Scott and drew bipartisan backing.
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