On January 9, 2026, President Donald Trump announced via Truth Social that he supports a temporary 10% cap on credit card interest rates (a concept raised during his 2024 presidential campaign), beginning on January 20, 2026. He described the proposal as an effort to address high credit card APRs and improve affordability for consumers.
The National Credit Union Administration today announced the third round of proposed regulatory changes associated with NCUA’s Deregulation Project. The project is an ongoing review of NCUA’s regulations to ensure regulations are focused on credit unions’ safety, soundness, and resilience. The agency is focused on removing or revising regulations that are: obsolete; overly burdensome; duplicative of other requirements; or guidance.
The Federal Trade Commission has asked a federal court to hold the operators of a payment processing operation in contempt for systematically violating their 2015 order with the agency over allegations they illegally processed credit card payments.
The Consumer Financial Protection Bureau (CFPB) has published its seventh biennial review of the consumer credit card market, as required under the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009. The report examines how credit cards are used, how issuers operate, and how the market has evolved, drawing on data through 2024.
The Consumer and Governmental Affairs Bureau (“CBG”) has extended, to January 31, 2027, the effective date of the Federal Communications Commission’s (“FCC”) Telephone Consumer Protection Act (“TCPA”) “global revocation” rule.[i]
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