Wall Street Skeptical Trump’s Proposed Credit Card Rate Cap Will Advance

U.S. President Donald Trump’s recent call to cap credit card interest rates at **10% for one year**, starting January 20, has drawn attention but faces **long odds of becoming law**, Wall Street analysts say. Trump announced the idea without outlining how it would be implemented or enforced, and experts note that such a policy would require **Congressional approval**, as the president cannot impose a nationwide rate cap by executive action alone. Credit cards are a core part of U.S. consumer finance, offering flexible access to credit but often carrying average interest rates near 20%, which weigh most heavily on lower-income households. Analysts at TD Cowen, Barclays, and Jefferies highlighted that similar proposals in the past have failed to gain traction in the Senate and House, and believe the chances of passage are low. While “affordability” ahead of midterm elections is a central political theme, Wall Street firms warn that a mandated rate cap could disrupt credit markets, hurt lenders’ profitability, and possibly reduce overall credit availability. #CreditCardRateCap #DonaldTrump #WallStreet #USPolicyDebate #SlimScan #GrowthStocks #CANSLIM