Breaking news from the White House: President Trump has issued a stern warning to major credit card companies, demanding they implement a 10% interest rate cap by January 20. Those who fail to comply risk violating federal law. This significant policy directive could reshape consumer credit markets and set precedent for financial sector regulation. The tight deadline signals the administration's determination to tackle high credit card costs that have burdened American consumers. Financial institutions are now scrambling to assess compliance requirements and potential implications for their business models. This move reflects broader efforts to control inflation and ease consumer debt pressure.