President Trump has revived a campaign pledge to cap credit card interest rates at 10%. It’s an effort to address affordability concerns among American consumers and help borrowers. But the banking industry is not thrilled about the idea – and says the proposal could block some people from accessing credit at all.

On today’s Big Take podcast, Bloomberg finance reporter Claire Ballentine joins host Sarah Holder to break down the arguments and talk through what it would take to make the proposal a reality.

Read more: Trump’s Call for 10% Credit-Card Cap Aims at Banks’ Crown Jewels

Further listening: How World Leaders – and Markets – Are Reacting to Trump’s Davos Speech 

Hosted by Sarah Holder; Produced by Julia Press and Rachael Lewis-Krisky; Reported by Claire Ballentine; Edited by Tracey Samuelson; Fact-checking by David Fox and Rachael Lewis-Krisky; Engineering by Katie McMurran; Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

President Trump has revived a campaign pledge to cap credit card interest rates at 10%. It&rsquo;s an effort to address affordability concerns among American consumers and help borrowers. But the banking industry is not thrilled about the idea &ndash; and says the proposal could block some people from accessing credit at all.
On today&rsquo;s Big Take podcast, Bloomberg finance reporter Claire Ballentine joins host Sarah Holder to break down the arguments and talk through what it would take to make the proposal a reality.
Read more:&nbsp;<a href="https://www.bloomberg.com/news/articles/2026-01-10/trump-s-call-for-10-credit-card-cap-aims-at-banks-crown-jewels">Trump&rsquo;s Call for 10% Credit-Card Cap Aims at Banks&rsquo; Crown Jewels</a>
Further listening:&nbsp;<a href="https://www.bloomberg.com/news/articles/2026-01-21/at-davos-trump-rules-out-military-action-in-greenland-big-take-podcast">How World Leaders &ndash; and Markets &ndash; Are Reacting to Trump&rsquo;s Davos Speech</a>&nbsp;
Hosted by Sarah Holder; Produced by Julia Press and Rachael Lewis-Krisky; Reported by Claire Ballentine; Edited by Tracey Samuelson; Fact-checking by David Fox and Rachael Lewis-Krisky; Engineering by Katie McMurran; Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Banks Really Hate Trump’s Credit Card Proposal

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c8c1925a-4d2b-4c82-93c8-b3db01711461/transcript