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?
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 ...
AOL5d
A new bill in Congress would cap credit card interest rates at 10%. But the limits could harm consumers, experts warn
By solving the problem of high credit card APRs, a rate cap could very well end up hurting those it was intended to help. Credit card interest rates vary widely depending on the unique risk ...
AOL2d
A bill would cap credit card rates at 10%, echoing a Trump pledge. Are there downsides?
“Capping credit card interest rates at 10%, just like President Trump ... And that’s where you get into a big problem,” said Nicholas Anthony, a policy analyst at Cato Institute, the liberta ...
Sanders and Hawley introduce bill to cap credit card interest rates at 10%
Sanders and Hawley’s bill comes after President Donald Trump vowed in the 2024 race to temporarily cap credit card interest ...
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.
Hawley, Sanders push for 10 percent cap on credit card interest
Sens. Josh Hawley (R-Mo.) and Bernie Sanders (I-Vt.) introduced a bill Tuesday seeking to cap credit card interest rates at ...
Washington Examiner4d
Credit card rewards at risk with new interest rate limit legislation
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. The bill has been referred to the Committee on Banking ...
NBC New York3d
A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money
The median annual percentage rate (APR) on credit cards is near 25%. Credit card companies charged consumers more than $105 billion in interest in 2022, according to the Consumer Financial ...