Trump's executive order requires credit card interest rates to drop to 10% starting January 20th. Many people praise it for considering the common folk.

In reality, this executive order is a typical case of good intentions leading to bad results, showing a lack of financial knowledge. If interest rates are too low to cover bad debts, related financial institutions will reduce lending amounts and scale, which will instead force those in need to borrow at higher interest rates. Payday loans with a daily interest rate of 1% are legal in the U.S.!

Market intervention by the government! Showboating! Thumbs down!