TCT-PF-8A1FF5B9C7CE1209 · Taxes & trade
Credit-card companies were legally required to cap interest at 10%
Claim summary
Credit-card companies were legally required to cap interest at 10%
Paraphrase, not a verbatim quotation. Consult the source for the full wording.
January 11, 2026 in remarks to reporters
What the evidence shows
At the time of the statement, no enacted law or executive order imposed that cap. A presidential demand or proposal did not create an existing legal obligation.
PolitiFact rating: False. The tracker groups this as False.
Sources and attribution
Publisher assessment summarized by the tracker; this is not a new independent verdict.