Trump Promised A 10% Interest Rate Cap On Credit Cards-What Happened To It?

A deadline to lower credit card interest rates passed this week without action, despite President Donald Trump’s urging.
Earlier this month, Trump called for a 10% cap on credit card interest rates, effective Jan. 20 and lasting one year. As of Wednesday, there were no federal laws or executive orders imposing a cap on credit card interest rates. Additionally, no credit card companies have announced that they’re voluntarily reducing rates.
Now, Trump is calling on Congress to make his proposal a law.