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 ...

New legislation pointed at capping credit card interest rates at 10% will erase card rewards for most consumers, financial experts told the Washington Examiner. Sens. Bernie Sanders (I-VT) and ...

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.

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.

History suggests the bill isn’t likely to pass. Hawley proposed a more modest cap on card rates, 18%, in 2023. That measure died. Bank industry leaders predict Congress will not warm to this one.

New legislation in Congress that would cap credit card interest rates at 10% that has the backing of President Trump could reshape financial services, though it would carry a cost.

The CARD Act of 2009 instituted limits on interest rate increases that credit card issuers can charge. Prior to the law, credit card companies could hike interest rates at will with no advanced ...

The most recent credit card statement to hit my mailbox used a different format than I'd seen before. It also included some of the plainest language about the terms of my account that I had ever ...

The credit card reform bill just passed by Congress includes tough new provisions that will legally ban some of the most egregious behavior by banks. But as in all such laws, the devil is in the ...