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.
What would be the impact of a credit card interest rate cap?
New legislation in Congress that would cap credit card interest rates at 10% that has the backing of President Trump could reshape financial services, though it would carry a cost.
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?
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.
Would a 10% Credit Card Interest Rate Cap Be a Totally Good Thing for Consumers?
Factors like your debt-to-income ratio, your income and existing debt all influence the interest rate on your credit card. And consumers who are considered high-risk are approved with a higher interest rate as a way for banks and issuers to compensate for the possibility of default.
Three companies promising to lower credit card interest rates sued by state
Minnesota Attorney General Lori Swanson today filed three lawsuits against separate companies that promised consumers they would lower the interest rates on their credit cards in exchange for
Credit Card Interest Rates: What You Need To Know
Banks will generally calculate the interest to charge on your credit card balances based on the annual percentage rate (APR) and the monthly percentage rate (MPR). The APR is the interest charged on your credit card balance per year. Meanwhile, the MPR is the interest rate charged every month.
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.
Josh Hawley, Bernie Sanders lock arms to lower credit card interest rates
Josh Hawley, a conservative Missouri Republican, has been pushing for the rate cap since 2023, a move that has put him in ...
Trump wants interest rate cuts. The market isn't buying it.
Voters elected Trump to find a way to curb the hotter inflation that occurred under President Joe Biden. But the president ...
How to break the credit card debt cycle
To break the credit card debt cycle you’re currently in, you’ll need to find a way to pay off the debts you have while ...
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 ...
Debt consolidation loan vs. debt consolidation program: Which is better with inflation rising again?
Increasing inflation could have an impact on the type of debt consolidation it makes sense to pursue right now.
Crowdfund Insider1d
Policy to Cap Credit Card Interest Rates is Wrong and a Form of Price Control. The Market Always Wins.
Everyone gets it. Credit card interest rates are ridiculously high. The best option is to avoid expensive credit cards and ...