US President Calls for 10% Credit Card Interest Cap, Banks Push Back

Slashdot
By msmashJan 12, 2026, 3:22 pm74 pts
President Donald Trump revived a campaign pledge Friday night by calling for a one-year, 10% cap on credit card interest rates, a proposal that banking groups immediately opposed despite the industry's heavy donations to his 2024 campaign and support for his second-term agenda. Trump posted on Truth Social that…

Read Article Share
Share Article
- email
- x.com
- facebook
- pocket
- reddit
- tumblr
- linkedin
- pinterest

Trending Today on Tech News Tube

Valve Facing UK Lawsuit Over Pricing and Commissions

Slashdot

Valve Facing UK Lawsuit Over Pricing and Commissions 128

MacRumors

Apple to Launch These 20+ Products This Year 126

A TikTok US power outage caused a 'cascading systems failure' leading to multiple bugs

Engadget

A TikTok US power outage caused a 'cascading systems failure' leading to multiple bugs 124

Humanoid robots edge toward mass production as Tesla aims for 2026 launch

Digitimes

Humanoid robots edge toward mass production as Tesla aims for 2026 launch 123

Ubisoft proposes even more layoffs after last week's studio closures and game cancellations

Engadget

Ubisoft proposes even more layoffs after last week's studio closures and game cancellations 122

Dig it: Volvo is offering 0% interest financing on EC230 Electric excavator

Electrek

Dig it: Volvo is offering 0% interest financing on EC230 Electric excavator 119

Why your AI agents need a trust layer before it’s too late

InfoWorld

Why your AI agents need a trust layer before it’s too late 119

Microsoft launches Maia 200 AI chip, mass production progress draws attention

Digitimes

Microsoft launches Maia 200 AI chip, mass production progress draws attention 118

About Tech News Tube

Tech News Tube is a real time news feed of the latest technology news headlines.

Follow all of the top tech sites in one place, on the web or your mobile device.

Featured

Microsoft's Maia 200 volumes set to jump…

Microsoft's Maia 200 volumes set to jump more than tenfold from Maia 100 levels,…

Amazon: AI applications are already…

Amazon: AI applications are already pervasive in 2026

All the ways TikTok is…

All the ways TikTok is broken: here’s what’s real and what’s not

Unplugged holes in the npm and yarn…

Unplugged holes in the npm and yarn package managers could let attackers bypass…

Qualcomm backs SpotDraft to scale…

Qualcomm backs SpotDraft to scale on-device contract AI with valuation doubling…

Microsoft's Latest AI Chip Claims…

Microsoft's Latest AI Chip Claims Performance Edge Over Amazon and Google

OpenAI’s president is a Trump mega-donor

OpenAI’s president is a Trump mega-donor

Microsoft introduces newest in-house AI…

Microsoft introduces newest in-house AI chip — Maia 200 is faster than other…

TikTokers are heading to UpScrolled…

TikTokers are heading to UpScrolled following US takeover

How a 15,000-Person Island Stumbled Into…

How a 15,000-Person Island Stumbled Into a $70 Million AI Windfall