the bill aims to realize a pledge that was touted as a solution to the debt many Americans face due to high credit card interest rates. By capping rates for around five years, the bill would ...

Retail cards hit a record high average interest rate of 30.5% last year, and rates have stayed close to those levels this year.

introduced legislation that would cap credit card interest rates at 10% for five years after the ... campaign pledge made by Trump's campaign last year. The bill's introduction coupled with ...

The legislation would be in effect for five years. For context, the average credit card interest rate ... "ABA has opposed similar interest rate cap proposals in the past … because they would ...

MILLIONS of credit card customers are being warned to check their accounts as providers keep pushing up interest rates. Some ...

Raising or lowering the federal funds rate -- the overnight interest rate between banks -- creates a domino effect. Credit card issuers often follow the Fed's lead, increasing or decreasing their APRs ...

Making matters worse is that credit card interest rates ... some 5% rewards out there right now. For the average American that could mean hundreds, even thousands of dollars on rewards a year.

Instead, it inadvertently saddled borrowers with higher rates and fees for receiving paper statements as credit ... Retail cards hit a record high average interest rate of 30.5% last year ...