Trump Calls for One-Year Cap on Credit Card Rates at 10%

President Donald Trump on Friday called for a one-year cap on credit card interest rates at 10%, effective Jan. 20, without specifying details. It’s not clear whether credit card companies will respond to his call, or what actions he might take to force any change. The post comes as the Trump administration intensifies efforts to demonstrate to voters that the president is addressing concerns about costs and prices that have emerged as a central issue in the November midterm elections. Bloomberg's Nathan Dean joins to discuss what this means for Congress and the US consumer on Bloomberg Intelligence. (Source: Bloomberg)