Warren Told Trump to Push Congress on Credit Card Rate Cap

Jan. 12, 2026, 7:25 PM UTC

Democratic Sen. Elizabeth Warren says President Trump called her after she gave a speech on affordability, and she told him that Congress could pass a credit card interest rate cap if “he will actually fight for it.”

  • Warren comments on conversation in emailed statement
  • Warren does not provide details on what Trump said in statement
  • NOTE: Trump Credit Card Cap Likely Fizzles But Pressures Up on Issuers

To contact the reporter on this story:
Yash Roy in Washington at yroy@bloomberg.net

To contact the editors responsible for this story:
Kasia Klimasinska at kklimasinska@bloomberg.net

Lauren Dezenski

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