A bill would cap credit card rates at 10%, echoing a Trump pledge. Are there downsides?
A bill would cap credit card rates at 10%, something Trump promised on the campaign trail. Will Trump follow through? Will consumers benefit?
Opinion
SENS. BERNIE SANDERS AND JOSH HAWLEY: Cap credit card interest rates at 10%
In his "Divine Comedy," Italian poet Dante Alighieri reserved a special place in the Seventh Circle of Hell for people who charged usurious interest rates. Seven hundred years later, "usury" doesn’t come up much in common parlance,
A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money
A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates would have unintended consequences.
What would be the impact of a credit card interest rate cap?
New legislation in Congress that was introduced by an unlikely duo of senators seeks to impose a credit card interest rate cap, with the potential for such a bill becoming law aided by President ...
Opinion
Capping credit card interest is a truly awful idea
Sen. Josh Hawley said he has teamed up with the consummate supporter of every bad economic idea, Sen. Bernie Sanders, to introduce an arbitrary 10% cap on credit card interest rates.
Two Senators Want to Cap Credit-Card Rates at 10%. Banks Say That Would Cut Credit Access
A bipartisan pair of senators want to cap your credit-card interest at less than half the typical rate. They may have President Trump's support—but banks aren't so excited.
Proposed cap on credit card interest rates
Independent Sen. Bernie Sanders and Republican Sen. Josh Hawley have made an unusual alliance to take on credit card interest rates. The FOX 5 I-Team's Dana Fowle takes a closer look at the senators' proposal.
RFK Jr. Reports $1.2M Credit Card Balance. How Much Credit Card Debt Is OK?
Newly confirmed HHS Secretary Robert F. Kennedy Jr. recently reported owing $610,000 to $1.2 million in credit card debt.
Forbes4d
What Is The Average Credit Card Interest Rate?
Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of ...