Visa(US:V) Benzinga·2026-01-12 07:32Core Viewpoint - President Trump has escalated his stance against high credit card interest rates, threatening legal action against companies that do not cap rates at 10% by January 20, 2026, framing it as a violation of the law [1][2][3]. Regulatory Actions - The President's statement indicates potential regulatory crackdowns or executive actions against major credit card issuers, including Visa Inc. and Mastercard Inc., if they fail to comply with the proposed interest rate cap [4]. - The ultimatum follows a formal policy announcement where Trump proposed a "one-year cap" on credit card interest rates, citing affordability as a primary concern [5]. Market Context - The proposed 10% cap represents a significant reduction from current market averages, which are often around 25% for many consumers [6]. - The January 20 deadline is strategically set to coincide with the first anniversary of Trump's inauguration, marking it as a critical compliance date for the financial industry [8]. Industry Concerns - The recent statements come in the wake of concerns raised by billionaire investor Bill Ackman regarding credit card rewards programs, which he argues unfairly burden low-income consumers [9].