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

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. This ...

President Donald Trump called for a temporary 10% cap on credit card interest rates but did not provide details on how his plan would come to fruition or how he planned to make credit card issuers ...

President Donald Trump has suggested temporarily capping credit card interest rates at 10%, a proposal that could significantly lower borrowing costs for millions of Americans but would require ...

This article originally appeared on PolitiFact.comAmid voter concern about the economy and affordability, President Donald Trump announced a new policy: a 10% cap on credit card interest rates for one ...

In a new push to address affordability concerns on voters’ minds before the midterm elections, President Donald Trump has recently called for a cap on credit card interest rates, without a clear plan ...

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 ...

No law dictating a 10% interest rate cap is on the books, and passing one through both chambers in just over a week would be a major challenge. An effort to impose an executive order on private-sector ...