President Donald Trump called for a 10% cap on credit card interest rates. Here's what experts say that could mean for cardholders, if implemented.
A cap on rates sounds like a dream for borrowers, but experts warn it could turn into a nightmare for some.
Forbes Advisor’s weekly credit card rates report indicates that the current average credit card interest rate is 25.35%. The ...
Credit card interest rates remain high, but many cardholders are lowering their costs by simply asking and knowing what else to request if the answer is no.
His call for a one-year, 10% cap on credit-card interest rates echoes those made by many Democrats, including progressives like Senator Bernie Sanders. But given how little Trump has so far done ...
The proposal to cap credit-card interest rates at 10% could significantly impact the aviation industry, warns the CEO of Airlines for America. He foresees a reduction in passenger numbers and aircraft ...
The White House has criticized JPMorgan Chase CEO Jamie Dimon over the "criminal" interest rates the bank charges.
The episode may show the limits of President Trump's ability to cajole the financial industry into voluntarily giving up billions of dollars in revenue.
The first step, consumer finance experts say, is to ask your card issuer to reduce the rate. And with average balances now $6,500, consider using your tax refund to put a dent in the debt.
(CNN) - President Donald Trump is pushing for a 10% cap on credit card rates. It is his latest attempt to quell affordability concerns. While Americans who are suffering from record-high credit card ...