Sen. Warren says Trump called her about credit cards, affordability
President Donald Trump called Sen. Elizabeth Warren, D-Mass., on Monday to work with her on limiting interest rates on credit cards.
“He said he wanted to work on it, so I said, ‘Great, let’s do something,'” Warren, the ranking member of the Senate Banking Committee, said in an interview on CNBC’s “Squawk Box” on Wednesday.
Trump called Warren after giving a speech Speech at the National Press ClubHere he laid out a strategy for Democrats to regain majorities in the House and Senate in the 2026 midterm elections. Warren has been a frequent target of Trump’s ire over the years.
“What I meant was … he hasn’t lifted a finger to do anything about credit card interest rate caps,” Warren said.
Last week, Trump proposed capping credit card interest rates at 10 percent. Real Social post.
Republicans on Capitol Hill have so far remained lukewarm on Trump’s proposal for a credit card rate cap, warning that it could limit the availability of credit for Americans.
“If you go forward on this in our effort to reduce costs, you don’t want to have negative knock-on effects,” House Speaker Mike Johnson said in a speech Tuesday. press conference. “The problem is that if you do that, credit card companies will stop lending and maybe limit the amount people can borrow to a very low amount.
“This is something we need to be very careful about,” Johnson said.
