Credit Card Interest Rates Problem

A bill would cap credit card rates at 10%, echoing a Trump pledge. Are there downsides?

A bill would cap credit card rates at 10%, something Trump promised on the campaign trail. Will Trump follow through? Will consumers benefit?

Opinion

FOX News on MSN · 23h

SENS. BERNIE SANDERS AND JOSH HAWLEY: Cap credit card interest rates at 10%

In his "Divine Comedy," Italian poet Dante Alighieri reserved a special place in the Seventh Circle of Hell for people who charged usurious interest rates. Seven hundred years later, "usury" doesn’t come up much in common parlance,

NBC 7 San Diego · 6d

A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money

A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates would have unintended consequences.

Investopedia · 2d

Two Senators Want to Cap Credit-Card Rates at 10%. Banks Say That Would Cut Credit Access

A bipartisan pair of senators want to cap your credit-card interest at less than half the typical rate. They may have President Trump's support—but banks aren't so excited.

Fox News · 3d

Capping credit card interest is a truly awful idea

First, I want to be clear that credit card interest rates are ridiculously high and ... which runs deficits near 7% of GDP and has its own debt problem, probably should worry about their debt ...

11h

RFK Jr. Reports $1.2M Credit Card Balance. How Much Credit Card Debt Is OK?

Kennedy Jr. recently reported owing $610,000 to $1.2 million in credit card debt. Most Americans need to keep a tighter grip ...

Hosted on MSN9d

Bipartisan bill would cap credit card interest rates at 10%

Bernie Sanders (I-Vt.) and Sen. Josh Hawley (R-Mo.) are expected to introduce bipartisan legislation in the Senate on Tuesday ...

Forbes3d

What Is The Average Credit Card Interest Rate?

Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of ...

The Pros and Cons of a 0% Balance Transfer

Usually, 0% balance transfer cards offer a 0% rate for a limited period, such as 12 to 18 months. You can structure your debt ...

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