President Donald Trump’s proposal to impose a one-year 10% cap on credit card interest rates is being met with indifference on Wall Street, according to TV host Jim Cramer.

Wall Street ‘Doesn’t Seem To Care’

Cramer said Trump has “decided that credit card companies will have to cap rates at 10% for a year,” while noting that the move requires Congressional approval, on CNBC’s “Mad Money” on Monday.

“Congress would need to pass actual legislation to make that happen,” Cramer said, while suggesting that Trump could still attempt to move forward by trying to “browbeat” the heads of the banks into complying with his directive to begin capping credit card interest rates at 10% by Jan. 20, 2026.

Cramer noted that the market has largely shrugged off Trump’s announcement, with bank stocks rebounding during the day after opening lower. “Wall Street just doesn't seem to care,” he said, adding that it ...