If you were waiting for your credit card interest rate to plummet to 10% on Jan. 20, don't hold your breath.

President Donald Trump called for a 10% cap on credit card interest rates. Here's what experts say that could mean for ...

President Donald Trump is calling for a 10% cap on credit card interest rates. The average credit card interest rate was recently reported to be between 19.65% and 21.39%. Bipartisan bills to cap ...

The proposal could lower borrowing costs, but critics warn of reduced credit access and fewer rewards. Many or all of the products on this page are from partners who compensate us when you click to or ...

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, ...

In a move aimed at easing economic pressures on American households, President Trump is calling for a temporary 10% cap on credit-card interest rates. Trump didn’t offer any details on how the ...

In a Truth Social post, President Trump stated that he would no longer let Americans be ripped off by credit card companies charging consumers 20% to 30%. While this sounds good on the surface, I ...

Credit card interest can take a balance that seems manageable and make it balloon — sometimes into an amount that feels totally untenable. Part of the problem is how steep interest rates can be, often ...

Among cardholders who revolve balances or use credit cards to finance large purchases they can’t afford, who wouldn’t want a significant cut in the interest rate--which often ranges between 20% and 24 ...