At first glance, proposals like the Credit Card Competition Act and President Donald Trump’s idea to cap credit card interest ...

On Friday, President Trump called for a one-year cap of 10% on credit card interest rates, set to begin Jan. 20. Without congressional legislation, implementing a rate cap would likely be challenging.

Forbes Advisor’s weekly credit card rates report indicates that the current average credit card interest rate is 25.35%. The ...

A cap on rates sounds like a dream for borrowers, but experts warn it could turn into a nightmare for some.

The White House has criticized JPMorgan Chase CEO Jamie Dimon over the "criminal" interest rates the bank charges.

For the family living on the margins, credit won't be cheaper under a 10% cap, it will simply be gone.

Trump can’t cap credit card interest rates on his own: Under the Constitution, only Congress can regulate interest rates. High rates reflect risk—but defaults remain relatively low: Average credit ...

Good morning. President Donald Trump’s proposal to temporarily cap credit card interest rates has both supporters and critics. In a social media post on Jan. 9, Trump called for a one-year cap on ...

President Donald Trump just urged passage of a federal 10% credit card interest rate cap. This means that a legislative proposal filed in Congress by Sen. Bernie Sanders (I-Vt.) will likely soon be ...

You may have seen the term “APR” while shopping for auto loans, mortgages or credit cards. It stands for “annual percentage rate” and describes the yearly cost of carrying an unpaid balance in various ...