President Trump: I would like to see a one-year cap of 10% on credit card rates

Summary

In a Davos interview with CNBC's Joe Kernen, President Donald Trump discusses a phone call with Senator Elizabeth Warren and then focuses on credit card interest rates. Trump criticizes credit card companies for charging 28-30% and proposes a one-year 10% cap, arguing consumers cannot pay current rates and invoking usury. The comments imply regulatory risk for credit card issuers, while offering no directly tradable consumer-side expression.

• President Trump speaks with Joe Kernen at Davos.
• Trump mentions a phone call with Senator Elizabeth Warren.
• Trump criticizes credit card companies for 28-30% rates.
• Trump proposes a one-year 10% cap on credit card rates.
• Trump says consumers cannot pay current rates and invokes usury.
• Trump says credit card companies make a lot of money and should give people a break.
• Market implication: regulatory risk for credit card companies.