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Trump has called for a cap on credit card interest rates. How did they get so high?

By Stephan Bisaha
Published January 20, 2026 at 4:19 PM EST

Credit card interest rates are near record highs and President Trump has called for a 10% cap on those rates starting Tuesday.

Copyright 2026 NPR
Stephan Bisaha
[Copyright 2024 NPR]

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