Senators Propose 10% Cap On Interest Rates

Would a 10% Credit Card Interest Rate Cap Be a Totally Good Thing for Consumers?
Factors like your debt-to-income ratio, your income and existing debt all influence the interest rate on your credit card. And consumers who are considered high-risk are approved with a higher interest rate as a way for banks and issuers to compensate for the possibility of default.
Credit card rewards at risk with new interest rate limit legislation
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 Josh Hawley (R-MO) introduced the bill on Thursday that would cap credit card interest rates for five years.
This Week In Credit Card News: Senators Propose 10% Cap On Interest Rates
Josh Hawley, Bernie Sanders Propose Capping Credit Card Interest Rates At 10%
A new bill in Congress would cap credit card interest rates at 10%. But the limits could harm consumers, experts warn
A new bill sponsored by Sens. Sanders and Hawley would cap credit card APRs, but that could reduce access to credit and credit card rewards programs.
Josh Hawley, Bernie Sanders propose capping credit card interest rates at 10%
Senators Bernie Sanders and Josh Hawley introduced new legislation that would cap interest rates on credit cards at 10% to fulfill one of President Trump's campaign promises.
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?
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.
Put A Lid On It: The Sanders-Hawley Bill Wants To Cap Credit Card Rates. Here’s What You Need To Know
A political odd couple is joining forces to lower credit card interest rates. Sen. Bernie Sanders (I-Vt.) and Sen. Josh Hawley (R-Mo.) unveiled a bill that would cap credit card interest rates at 10%.
Kansas Citians support relief as bipartisan bill would cap credit card interest rates
In a bipartisan effort, Sen. Josh Hawley (R-Missouri) is teaming up with Sen. Bernie Sanders (I-Vermont), introducing a bill on Tuesday that would cap credit card interest rates at 10%.
NerdWallet5d
10 Best Low Interest Credit Cards of February 2025
If you tend to carry a balance most months, a card with a low ongoing interest rate will ... the right credit card for you. Whether you want to pay less interest or earn more rewards, ...
CNBC13d
Which credit cards have the best interest rates?
Interest rates are a key feature of ... For example, the Titanium Rewards Visa® Signature Card from Andrews Federal Credit Union has a low 10.99% to 17.99% variable APR and requires ...
Forbes7d
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 ... a new credit card with a low-rate or 0% intro ...
CNET11d
The Fed Voted to Hold Rates Steady. Your Credit Card's APR Likely Won't Change Either
Average APRs have inched down slightly, but you should focus on lowering your credit card balance as soon as you can.
CNBC10d
Best low interest credit cards of February 2025
Below, CNBC Select reviews the best credit cards with low interest rates that can save you on interest charges while still earning rewards and enjoying other perks. Just know that many of ...
Valentine’s Day savings: best credit cards for free hotel nights
We review three credit cards to help you plan a romantic escape without breaking the bank. Each offers a free night ...