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Donald Trump: “The profit margin for credit card companies now exceeds 50%.”

Featuring: Donald Trump, Republican | President of the United States | National

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Published | Video Starts at 50:44

And I'm calling on Congress to pass that ban into permanent law. And I think they will. One of the biggest barriers to saving for a down payment has been surging credit card debt. The profit margin for credit card companies now exceeds 50%. one of the biggest. And they charge Americans interest rates of 28%, 30%, 31%, 32%. Whatever happened to usury? (50:44–50:48)

CLAIM

Claims that credit card companies have profit margins exceeding 50%.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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