As he sought to recapture the White House in 2024, Donald Trump promised to "put a temporary cap on credit card interest rates at 10%." During his presidency, bipartisan lawmakers have introduced ...

Senators Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., introduced a bill this week that would cap credit card interest rates at a 10% annual percentage rate (APR) for five years. It's an idea ...

Sen. Josh Hawley is calling on Republicans to support his plan to cap credit card APRs at 18%. Photo by FREDERIC J. BROWN/AFP via Getty Images Exploiting people through high interest rates is ...

Credit card balances reached a record high of $1.14 trillion in Q2 of 2024, according to the Federal Reserve Bank of New York. Since 2021, the average credit card borrower's balance rose from ...

Amid surging credit card interest rates and rising delinquencies, a bill with bipartisan support would cap rates at 10%, about half the current average, for five years. The legislation would ...

Missouri GOP Senator Josh Hawley introduced a bill that would cap credit card interest rates at 18%, which critics say could impact those with imperfect credit or consumers' rewards.

Donald Trump's proposal to cap credit card interest rates at 10% may have unintended consequences, financial experts and consumer advocates say.

American households are drowning in credit card debt. In recent months, aggregate credit card borrowing has surged past $1 trillion, while credit card interest rates have been rising on the back of ...

The same will be true if a cap is placed on credit card interest rates. While it’s true many Americans get trapped in a cycle of credit card debt, the solution isn’t big-government rate caps.

American households are scaling a mountain of credit card debt, thanks to the inflation affordability crisis brought to us by the Biden-Harris administration. Former President Donald Trump has ...

Credit Card Rate Cap Will Hurt Those Who Need Credit Most . Patrice Onwuka RealClearMarkets October 17, 2024 AP ...