Bank executives are tiptoeing around President Trump’s call to temporarily cap credit-card interest rates at 10%, opposing the idea while making sure not to antagonize the White House.

President Trump is pushing for a 10% interest rate cap for credit cards. CBS News' Jill Schlesinger breaks down the implications.

President Donald Trump’s unexpected demand for a cap on credit card interest rates sent financial shares tumbling this week, leaving the heads of Wall Street’s biggest lenders fielding a swarm of questions on their quarterly earnings calls.

A decades-long drive to cap credit card interest rates has received a sudden jolt from President Donald Trump — and widespread pushback from banks.

Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week.

Trump's proposed 10% APR cap could shake up credit cards in 2026, from tighter approvals to smaller rewards. Here's what it could mean for you.

Execs warn the proposed limit on credit card interest rates could have a $100 billion impact on banks and "unintended consequences."