Will Trump Support 10% Cap on Credit Card Interest Rates?

According to the New York Federal Reserve, American credit card debt was $1.17 trillion at the end of September, the highest level of debt since the Fed began to track it in 2003. Moreover, credit card defaults are at their highest level since 2010. Candidate Donald Trump proposed a 10% cap on credit card interest rates. But will President Donald Trump follow through?

Senator Bernie Sanders, the irascible Vermont Independent, has called on Trump to support legislation that would limit the grift that credit card companies charge. Given that Shadow President Elon Musk wants to ditch the Consumer Protection Bureau, my guess is that nothing will be done.