A 10% rate cap would make large swaths of the credit card industry unprofitable, especially tied to customers with ...
Shares in banks and credit card firms have fallen after US President Donald Trump called for credit card costs to be capped.
His declaration requires congressional approval to become law and could restrict some consumers' credit availability.
Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could ...
There's evidence that capping credit-card interest rates at 10% would save Americans billions of dollars, although banks warn ...
Americans' debt loads are at record highs, resurfacing a decadeslong debate on how to prevent companies from maximizing ...
A 10% cap on interest rates could mean a big hit to earnings at companies like Capital One and Synchrony. But a Jefferies ...
Trump called for interest on credit cards to be capped for a year. UBS thinks that would end up hurting credit availability ...
Skip interest for up to two years with these 0% intro APR offers, perfect for large purchases in 2026 or paying off ...
Trump's 10% credit card rate cap is meant to help struggling borrowers, but industry data shows 80% of accounts could be cut off, hitting those borrowers hardest.
Trump, who is under pressure to address voter concerns over the cost of living, on Friday called ‍for a one-year cap on ...
With credit card interest rates near modern highs, President Trump says he wants to cap the rates for one year.