President Trump, under pressure to bring down the painfully high cost of living, announced at Davos that he is calling on Congress to cap credit card interest rates at 10 percent for one year. Its ...

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As part of a series of efforts to make life more affordable, President Donald Trump aims to help Americans with credit-card debt. After demanding on social media that credit-card lenders cap interest ...

Bank of America is considering whether to offer a credit card with interest capped at 10% for a year, a person familiar with the bank’s thinking told NBC News on Thursday. President Donald Trump ...

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. Debit and credit cards may look the same at checkout, both ...

President Donald Trump called for credit card companies to cap interest rates at 10%, roughly half the industry average, effective Jan. 20. That date arrived, and credit card rates have hardly budged.

Earlier this month, President Donald Trump publicly called for credit card interest rates to be capped at just 10% for one year. The national average APR is currently just under 20%. On the surface, ...

Bankers argue that the proposal is often framed as consumer‑friendly, but consumers could face reduced access to affordable credit. Some 47 percent of credit cardholders report having a credit card ...

President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality. By Stacy Cowley and Niko Gallogly Banks and lenders have been in a tizzy ever ...

House Speaker Mike Johnson, R-La., pushed back on a proposal from President Donald Trump to cap the interest that credit card companies can charge borrowers. "I talked with him about it briefly ...

President Donald Trump has said his plan to impose a temporary cap on credit card interest rates would curb “abuse” by U.S. lenders, but this has faced pushback from the banking industry, and experts ...