US Politics Daily@uspoliticsdailySen. Elizabeth Warren said Sunday she is prepared to work with President Trump on a 10% limit for credit card interest, now that Democrats will control Congress. She says her bill is already prepared.
Trump first pushed the idea in January, when Republicans controlled Congress and several GOP leaders resisted it. Banking groups strongly oppose the plan, warning it would limit access to credit.
Federal Reserve data put the average rate on card accounts that were charged interest at 22.36% in the third quarter of 2026.
